Key Points
- Director sale: Enova International director William Goodyear sold 6,231 shares at an average price of $166.08, totaling about $1.03 million. After the sale, he still held 68,740 shares, an 8.31% reduction in his position.
- Strong quarterly results: Enova beat earnings and revenue expectations in its latest quarter, posting $3.87 EPS versus $3.66 expected and revenue of $875.14 million versus $854.52 million forecast. Revenue rose 17.4% year over year.
- Analyst sentiment remains positive: The stock has a consensus Buy rating with an average price target of $198.80. Several firms recently reiterated or raised bullish views, including Stephens, which lifted its target to $210.
Enova International, Inc. (NYSE:ENVA - Get Free Report) Director William Goodyear sold 6,231 shares of the company's stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $166.08, for a total value of $1,034,844.48. Following the completion of the transaction, the director owned 68,740 shares of the company's stock, valued at approximately $11,416,339.20. This represents a 8.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Enova International Stock Performance
Shares of ENVA opened at $164.43 on Thursday. The business's 50 day moving average is $152.05 and its two-hundred day moving average is $148.77. Enova International, Inc. has a 52-week low of $89.00 and a 52-week high of $176.68. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 13.31 and a beta of 1.32. The company has a quick ratio of 20.42, a current ratio of 20.42 and a debt-to-equity ratio of 3.45.
Enova International (NYSE:ENVA - Get Free Report) last announced its earnings results on Thursday, April 23rd. The credit services provider reported $3.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.66 by $0.21. The company had revenue of $875.14 million for the quarter, compared to analyst estimates of $854.52 million. Enova International had a return on equity of 25.89% and a net margin of 9.95%.Enova International's quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.98 EPS. Analysts forecast that Enova International, Inc. will post 15.37 EPS for the current fiscal year.
Institutional Investors Weigh In On Enova International
Several hedge funds have recently modified their holdings of ENVA. Arkadios Wealth Advisors grew its holdings in shares of Enova International by 61.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 31,362 shares of the credit services provider's stock worth $3,609,000 after purchasing an additional 11,915 shares in the last quarter. CSM Advisors LLC grew its holdings in shares of Enova International by 16.7% during 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 in the last quarter. SG Americas Securities LLC grew its holdings in shares of Enova International by 2,933.1% during the 4th quarter. SG Americas Securities LLC now owns 138,975 shares of the credit services provider's stock worth $21,847,000 after purchasing an additional 134,393 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of 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 worth $6,765,000 after purchasing an additional 6,300 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Enova International by 43.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 23,774 shares of the credit services provider's stock worth $3,737,000 after purchasing an additional 7,200 shares in the last quarter. 89.43% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
ENVA has been the topic of several analyst reports. Zacks Research raised Enova International from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 30th. BTIG Research reaffirmed a "buy" rating and issued a $199.00 target price on shares of Enova International in a research report on Thursday, April 23rd. Citigroup reaffirmed an "outperform" rating on shares of Enova International in a research report on Friday, April 24th. Stephens increased their target price on Enova International from $185.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, April 24th. Finally, Wall Street Zen lowered Enova International from a "strong-buy" rating to a "buy" rating in a research report on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat, Enova International has a consensus rating of "Buy" and a consensus price target of $198.80.
View Our Latest Stock Analysis on ENVA
Enova International Company Profile
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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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