Key Points
- Insider sale: Enova International Director William Goodyear sold 5,983 shares for about $976,006.79 at an average price of $163.13, reducing his stake by 8.70%.
- Strong quarterly results: Enova reported quarterly EPS of $3.87, beating estimates, while revenue rose 17.4% year over year to $875.14 million.
- Analyst sentiment remains positive: The stock has an average Buy rating with a consensus price target of $198.80, and several firms recently raised targets or reaffirmed bullish ratings.
Enova International, Inc. (NYSE:ENVA - Get Free Report) Director William Goodyear sold 5,983 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $163.13, for a total value of $976,006.79. Following the completion of the sale, the director directly owned 62,757 shares in the company, valued at $10,237,549.41. This represents a 8.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Enova International Price Performance
ENVA stock opened at $159.59 on Thursday. The company has a debt-to-equity ratio of 3.45, a current ratio of 20.42 and a quick ratio of 20.42. The firm has a market capitalization of $3.97 billion, a P/E ratio of 12.92 and a beta of 1.28. The business's 50-day moving average is $156.85 and its two-hundred day moving average is $151.26. Enova International, Inc. has a 1 year low of $92.55 and a 1 year high of $176.68.
Enova International (NYSE:ENVA - Get Free Report) last posted its quarterly 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. Enova International had a return on equity of 25.89% and a net margin of 9.95%.The company had revenue of $875.14 million for the quarter, compared to analyst estimates of $854.52 million. During the same quarter last year, the company earned $2.98 EPS. Enova International's revenue for the quarter was up 17.4% compared to the same quarter last year. Analysts anticipate that Enova International, Inc. will post 15.37 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Citizens Jmp lifted their price target on shares of Enova International from $182.00 to $195.00 and gave the stock a "market outperform" rating in a research note on Friday, April 24th. Stephens lifted their price target on shares of Enova International from $185.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, April 24th. Citigroup reiterated an "outperform" rating on shares of Enova International in a research note on Friday, April 24th. Wall Street Zen downgraded shares of Enova International from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 10th. Finally, BTIG Research reiterated a "buy" rating and issued a $199.00 price target on shares of Enova International in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat, Enova International currently has an average rating of "Buy" and a consensus target price of $198.80.
Get Our Latest Stock Report on Enova International
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Legato Capital Management LLC acquired a new position in shares of Enova International in the fourth quarter valued at approximately $1,851,000. CSM Advisors LLC increased its holdings in shares of Enova International by 16.7% in the third quarter. CSM Advisors LLC now owns 62,550 shares of the credit services provider's stock valued at $7,199,000 after purchasing an additional 8,972 shares during the period. SG Americas Securities LLC increased its holdings in shares of Enova International by 2,933.1% in the fourth quarter. SG Americas Securities LLC now owns 138,975 shares of the credit services provider's stock valued at $21,847,000 after purchasing an additional 134,393 shares during the period. Hillsdale Investment Management Inc. increased its holdings in shares of Enova International by 12.0% in the third 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 during the period. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Enova International by 43.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 23,774 shares of the credit services provider's stock valued at $3,737,000 after purchasing an additional 7,200 shares during the period. Institutional investors and hedge funds own 89.43% of the company's stock.
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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