Key Points
- Enova CEO David Fisher sold 15,000 shares on Dec. 16 at an average price of $160.24 for $2,403,600, trimming his stake by 4.13% to 348,223 shares; he also executed three earlier sales of 6,000 shares each in September, October and November.
- Company fundamentals and buyback: Enova reported quarterly EPS of $3.36 (beating estimates) with revenue up 16.3% year-over-year to $460.7M, and its board authorized a $400 million repurchase program to buy up to 12.5% of outstanding shares.
- Market and analyst stance: ENVA shares traded around $164 (near a 52-week high of $168.68), and Wall Street consensus is a "Buy" (1 Strong Buy, 8 Buy, 1 Hold) with an average price target of $136.50.
Enova International, Inc. (NYSE:ENVA - Get Free Report) CEO David Fisher sold 15,000 shares of the firm's stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $160.24, for a total value of $2,403,600.00. Following the completion of the sale, the chief executive officer directly owned 348,223 shares in the company, valued at $55,799,253.52. The trade was a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
David Fisher also recently made the following trade(s):
- On Friday, November 21st, David Fisher sold 6,000 shares of Enova International stock. The shares were sold at an average price of $124.25, for a total value of $745,500.00.
- 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 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.
Enova International Stock Performance
Shares of ENVA stock opened at $164.17 on Friday. The stock has a fifty day moving average of $127.71 and a 200 day moving average of $116.55. Enova International, Inc. has a 52 week low of $79.41 and a 52 week high of $168.68. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 15.09 and a beta of 1.31. The company has a quick ratio of 19.29, a current ratio of 19.29 and a debt-to-equity ratio of 3.20.
Enova International (NYSE:ENVA - Get Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The credit services provider reported $3.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.03 by $0.33. Enova International had a net margin of 9.64% and a return on equity of 24.50%. The business had revenue of $460.71 million for the quarter, compared to the consensus estimate of $806.63 million. During the same period in the previous year, the firm earned $2.45 EPS. The company's quarterly revenue was up 16.3% compared to the same quarter last year. As a group, research analysts expect that Enova International, Inc. will post 10.31 earnings per share for the current year.
Enova International declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 12th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the credit services provider to reacquire up to 12.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. JMP Securities raised their price objective on shares of Enova International from $135.00 to $149.00 and gave the stock a "market outperform" rating in a report on Friday, October 24th. Citigroup restated an "outperform" rating on shares of Enova International in a research report on Friday, December 12th. Zacks Research downgraded Enova International from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 25th. BTIG Research raised their price objective on Enova International from $144.00 to $199.00 and gave the company a "buy" rating in a research report on Friday, December 12th. Finally, Citizens Jmp upped their target price on shares of Enova International from $149.00 to $180.00 and gave the stock a "market outperform" rating in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $136.50.
Get Our Latest Report on Enova International
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Danske Bank A S bought a new stake in Enova International in the third quarter worth $991,000. CSM Advisors LLC raised its position in shares of Enova International by 16.7% in the 3rd quarter. CSM Advisors LLC now owns 62,550 shares of the credit services provider's stock worth $7,199,000 after purchasing an additional 8,972 shares during the last quarter. Horizon Investments LLC boosted its stake in Enova International by 5.9% in the 3rd quarter. Horizon Investments LLC now owns 14,054 shares of the credit services provider's stock worth $1,617,000 after purchasing an additional 789 shares in the last quarter. Kendall Capital Management grew its position in Enova International by 11.0% during the 3rd quarter. Kendall Capital Management now owns 5,415 shares of the credit services provider's stock valued at $623,000 after purchasing an additional 535 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its stake in Enova International by 12.0% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 58,780 shares of the credit services provider's stock valued at $6,765,000 after purchasing an additional 6,300 shares in the last quarter. Hedge funds and other institutional investors own 89.43% of the company's stock.
About Enova International
(
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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