Enova International, Inc. (NYSE:ENVA) Short Interest Down 9.3% in March

Enova International, Inc. (NYSE:ENVA) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,170,000 shares, a decrease of 9.3% from the March 15th total of 1,290,000 shares. Approximately 4.4% of the company’s shares are sold short. Based on an average daily volume of 265,100 shares, the short-interest ratio is currently 4.4 days.

Enova International Stock Performance

Shares of ENVA stock traded up $0.38 during trading hours on Wednesday, hitting $58.99. 215,725 shares of the company were exchanged, compared to its average volume of 259,227. The firm has a fifty day simple moving average of $60.86 and a 200 day simple moving average of $53.16. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 2.37. Enova International has a 52-week low of $35.30 and a 52-week high of $64.51. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 10.70 and a beta of 1.55.

Enova International (NYSE:ENVA) last issued its quarterly earnings results on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.08. Enova International had a net margin of 8.27% and a return on equity of 15.84%. The company had revenue of $583.59 million during the quarter, compared to analyst estimates of $587.34 million. Research analysts predict that Enova International will post 7.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. TheStreet cut shares of Enova International from a “b” rating to a “c+” rating in a research report on Tuesday, January 30th. BMO Capital Markets raised their price target on shares of Enova International from $57.00 to $59.00 and gave the company a “market perform” rating in a research report on Wednesday, January 31st. JMP Securities raised their price target on shares of Enova International from $62.00 to $73.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 31st. Jefferies Financial Group lifted their target price on shares of Enova International from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a research report on Saturday, March 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Enova International currently has an average rating of “Moderate Buy” and an average target price of $63.00.

Insider Activity at Enova International

In related news, CFO Steven E. Cunningham sold 17,548 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $56.11, for a total value of $984,618.28. Following the completion of the sale, the chief financial officer now directly owns 150,025 shares in the company, valued at $8,417,902.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Enova International news, General Counsel Sean Rahilly sold 6,043 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $60.00, for a total transaction of $362,580.00. Following the completion of the sale, the general counsel now directly owns 101,949 shares in the company, valued at approximately $6,116,940. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Steven E. Cunningham sold 17,548 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $56.11, for a total value of $984,618.28. Following the sale, the chief financial officer now owns 150,025 shares of the company’s stock, valued at $8,417,902.75. The disclosure for this sale can be found here. Insiders sold 30,938 shares of company stock worth $1,799,557 over the last three months. Company insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Headinvest LLC purchased a new position in Enova International in the 3rd quarter valued at approximately $28,000. GAMMA Investing LLC purchased a new position in Enova International in the 4th quarter valued at approximately $37,000. UniSuper Management Pty Ltd purchased a new position in Enova International in the 2nd quarter valued at approximately $101,000. Counterpoint Mutual Funds LLC purchased a new position in Enova International in the 3rd quarter valued at approximately $117,000. Finally, Lazard Asset Management LLC purchased a new position in Enova International in the 3rd quarter valued at approximately $181,000. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

About Enova International

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.