Key Points
- Enova Chairman David Fisher sold $1,067,807.07 worth of stock on Feb. 18 (7,143 shares at $149.49), reducing his holding to 326,444 shares (a 2.14% drop).
- Fisher has been executing multiple large insider sales this quarter (e.g., 37,989 shares on Jan. 30, 9,573 on Jan. 26, and 15,000 on Dec. 16), totaling several million dollars in dispositions.
- Company fundamentals remain strong: Enova beat Q4 estimates (EPS $3.46 vs. $3.17, revenue $1.34B, +15% y/y), the board authorized a $400M buyback (up to 12.5% of shares), and analysts hold a consensus "Buy" with an average target of $188.
Enova International, Inc. (NYSE:ENVA - Get Free Report) Chairman David Fisher sold 7,143 shares of the company's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $149.49, for a total transaction of $1,067,807.07. Following the completion of the transaction, the chairman directly owned 326,444 shares of the company's stock, valued at approximately $48,800,113.56. The trade was a 2.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
David Fisher also recently made the following trade(s):
- On Friday, January 30th, David Fisher sold 37,989 shares of Enova International stock. The shares were sold at an average price of $165.31, for a total value of $6,279,961.59.
- On Monday, January 26th, David Fisher sold 9,573 shares of Enova International stock. The shares were sold at an average price of $157.81, for a total value of $1,510,715.13.
- On Tuesday, December 16th, David Fisher sold 15,000 shares of Enova International stock. The stock was sold at an average price of $160.24, for a total value of $2,403,600.00.
Enova International Stock Up 0.1%
Shares of Enova International stock opened at $145.12 on Friday. The firm has a market cap of $4.08 billion, a PE ratio of 12.53 and a beta of 1.25. The business's 50 day simple moving average is $158.71 and its 200 day simple moving average is $133.37. The company has a debt-to-equity ratio of 3.37, a quick ratio of 19.29 and a current ratio of 9.48. Enova International, Inc. has a 52-week low of $79.41 and a 52-week high of $176.68.
Enova International (NYSE:ENVA - Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The credit services provider reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.29. Enova International had a net margin of 9.78% and a return on equity of 25.31%. The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $838.59 million. During the same period last year, the business earned $2.61 EPS. The business's quarterly revenue was up 15.0% on a year-over-year basis. On average, analysts predict that Enova International, Inc. will post 10.31 earnings per share for the current fiscal year.
Enova International declared that its board has authorized a share repurchase plan on Wednesday, November 12th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the credit services provider to reacquire up to 12.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.
Wall Street Analyst Weigh In
A number of research firms have recently commented on ENVA. Zacks Research upgraded shares of Enova International from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 30th. TD Cowen reissued a "buy" rating on shares of Enova International in a research report on Thursday, January 8th. Citizens Jmp raised their price target on Enova International from $180.00 to $182.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 28th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Enova International in a research note on Thursday, January 22nd. Finally, BTIG Research reissued a "buy" rating and issued a $199.00 target price on shares of Enova International in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $188.00.
Check Out Our Latest Stock Report on Enova International
Hedge Funds Weigh In On Enova International
Institutional investors have recently bought and sold shares of the business. Arkadios Wealth Advisors acquired a new stake in shares of Enova International in the second quarter valued at approximately $2,169,000. Campbell & CO Investment Adviser LLC bought a new stake in Enova International in the 2nd quarter valued at $210,000. CSM Advisors LLC acquired a new stake in Enova International during the 2nd quarter valued at $5,974,000. Police & Firemen s Retirement System of New Jersey lifted its holdings in Enova International by 6.1% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,754 shares of the credit services provider's stock valued at $642,000 after purchasing an additional 331 shares during the last quarter. Finally, MTM Investment Management LLC acquired a new position in shares of Enova International in the second quarter valued at $102,000. Institutional investors and hedge funds own 89.43% of the company's stock.
Enova International Company Profile
(
Get Free Report)
Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.
In addition to its U.S.
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