Key Points
- Enova International director William Goodyear sold 3,500 shares on June 16 at an average price of $188.02, totaling about $658,070. After the sale, he still owned 50,820 shares, a 6.44% reduction in his position.
- The stock was trading higher and near its 52-week high, opening at $193.49 and up 2.3% on Wednesday. Enova now has a market value of about $4.82 billion and a 12-month range of $94.94 to $193.93.
- Recent performance and analyst sentiment remain positive, with the company beating first-quarter EPS and revenue estimates and reporting 17.4% year-over-year revenue growth. Analysts currently have a consensus “Buy” rating and an average price target of $198.80.
Enova International, Inc. (NYSE:ENVA - Get Free Report) Director William Goodyear sold 3,500 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $188.02, for a total value of $658,070.00. Following the sale, the director directly owned 50,820 shares in the company, valued at $9,555,176.40. This trade represents a 6.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Enova International Stock Up 2.3%
Shares of NYSE ENVA opened at $193.49 on Wednesday. The company has a current ratio of 20.42, a quick ratio of 20.42 and a debt-to-equity ratio of 3.45. The stock has a market capitalization of $4.82 billion, a PE ratio of 15.67 and a beta of 1.28. The stock's fifty day simple moving average is $165.15 and its two-hundred day simple moving average is $154.87. Enova International, Inc. has a 12-month low of $94.94 and a 12-month high of $193.93.
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 the consensus estimate of $3.66 by $0.21. The business had revenue of $875.14 million for the quarter, compared to analysts' expectations of $854.52 million. Enova International had a return on equity of 25.89% and a net margin of 9.95%.The business's revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.98 EPS. As a group, analysts expect that Enova International, Inc. will post 15.37 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts have issued reports on ENVA shares. Stephens increased their target price on Enova International from $185.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, April 24th. Maxim Group increased their target price on Enova International from $191.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, April 27th. Wall Street Zen cut Enova International from a "strong-buy" rating to a "buy" rating in a research report on Sunday, May 10th. TD Cowen increased their target price on Enova International from $165.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, April 24th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Enova International in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, Enova International has a consensus rating of "Buy" and a consensus price target of $198.80.
Read Our Latest Stock Report on ENVA
Institutional Trading of Enova International
Institutional investors have recently made changes to their positions in the business. Legato Capital Management LLC acquired a new stake in shares of Enova International in the 4th quarter worth $1,851,000. CSM Advisors LLC boosted 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 in the last quarter. SG Americas Securities LLC boosted its position in shares of Enova International by 2,933.1% in 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. Geode Capital Management LLC boosted its position in shares of Enova International by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider's stock worth $96,095,000 after purchasing an additional 18,258 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its position in shares of Enova International by 12.0% in 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. Institutional investors and hedge funds own 89.43% of the company's stock.
About Enova International
(
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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