Key Points
- CEO David Fisher sold 6,000 Enova shares on November 21 at an average price of $124.25 for $745,500, leaving him with 348,223 shares (a 1.69% reduction in his stake valued at roughly $43.27M).
- The board approved a $400 million share repurchase program that allows the company to buy back up to 12.5% of its shares, a move often seen as a signal the stock may be undervalued.
- Enova beat EPS expectations—reporting $3.36 vs. $3.03 consensus—and saw revenue up 16.3% year-over-year, while analysts have generally raised targets and the consensus rating remains a Buy (consensus price target $116.80).
Enova International, Inc. (NYSE:ENVA - Get Free Report) CEO David Fisher sold 6,000 shares of the firm's stock in a transaction on Friday, November 21st. The stock was sold at an average price of $124.25, for a total value of $745,500.00. Following the sale, the chief executive officer directly owned 348,223 shares of the company's stock, valued at approximately $43,266,707.75. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
David Fisher also recently made the following trade(s):
- On Monday, October 27th, David Fisher sold 6,000 shares of Enova International stock. The stock was sold at an average price of $122.61, for a total value of $735,660.00.
- On Wednesday, September 17th, David Fisher sold 35,000 shares of Enova International stock. The shares were sold at an average price of $125.55, for a total value of $4,394,250.00.
- On Friday, September 19th, David Fisher sold 6,000 shares of Enova International stock. The shares were sold at an average price of $125.89, for a total value of $755,340.00.
- On Thursday, September 4th, David Fisher sold 20,000 shares of Enova International stock. The stock was sold at an average price of $121.96, for a total value of $2,439,200.00.
Enova International Price Performance
NYSE ENVA opened at $130.49 on Wednesday. The company has a current ratio of 19.29, a quick ratio of 18.15 and a debt-to-equity ratio of 3.20. Enova International, Inc. has a 1 year low of $79.41 and a 1 year high of $133.33. The company has a market cap of $3.24 billion, a PE ratio of 11.99 and a beta of 1.47. The stock's 50-day moving average price is $119.04 and its two-hundred day moving average price is $111.01.
Enova International (NYSE:ENVA - Get Free Report) last announced its earnings results on Thursday, October 23rd. The credit services provider reported $3.36 EPS for the quarter, topping the consensus estimate of $3.03 by $0.33. The company had revenue of $460.71 million during the quarter, compared to analysts' expectations of $806.63 million. Enova International had a net margin of 9.64% and a return on equity of 24.50%. The business's revenue for the quarter was up 16.3% on a year-over-year basis. During the same period last year, the company posted $2.45 earnings per share. On average, analysts predict that Enova International, Inc. will post 10.31 EPS for the current year.
Enova International declared that its board has approved a share repurchase program on Wednesday, November 12th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the credit services provider to reacquire up to 12.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the stock. JMP Securities lifted their price objective on shares of Enova International from $135.00 to $149.00 and gave the stock a "market outperform" rating in a research report on Friday, October 24th. BTIG Research lifted their price target on Enova International from $129.00 to $144.00 and gave the company a "buy" rating in a report on Friday, October 24th. Zacks Research lowered Enova International from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 25th. Weiss Ratings reissued a "buy (b-)" rating on shares of Enova International in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Enova International from a "strong-buy" rating to a "buy" rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $116.80.
Read Our Latest Stock Report on Enova International
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in shares of Enova International by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 24,268 shares of the credit services provider's stock worth $2,706,000 after purchasing an additional 105 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Enova International by 174.2% in the 3rd quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider's stock valued at $30,000 after buying an additional 162 shares in the last quarter. J.Safra Asset Management Corp increased its holdings in Enova International by 3.3% in the third quarter. J.Safra Asset Management Corp now owns 5,503 shares of the credit services provider's stock worth $633,000 after buying an additional 176 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Enova International in the third quarter worth approximately $28,000. Finally, Strs Ohio bought a new position in Enova International during the third quarter valued at approximately $35,000. 89.43% of the stock is owned by institutional investors and hedge funds.
Enova International Company Profile
(
Get Free Report)
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.
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