Key Points
- Chairman David Fisher sold 33,060 shares of Enova International at an average price of $199.05, generating about $6.58 million in proceeds. After the sale, he still owned 306,444 shares, a 9.74% reduction in his position.
- Enova reported strong quarterly results, with earnings of $3.87 per share versus analyst expectations of $3.66 and revenue of $875.14 million, up 17.4% from a year earlier. The company also posted a return on equity of 25.89%.
- Wall Street remains broadly positive on ENVA, with a consensus rating of “Buy” and an average price target of $198.80. Several firms recently raised targets or reiterated bullish ratings, though one analyst downgraded the stock from strong-buy to buy.
Enova International, Inc. (NYSE:ENVA - Get Free Report) Chairman David Fisher sold 33,060 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $199.05, for a total transaction of $6,580,593.00. Following the transaction, the chairman directly owned 306,444 shares in the company, valued at approximately $60,997,678.20. This represents a 9.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
David Fisher also recently made the following trade(s):
- On Friday, May 22nd, David Fisher sold 3,076 shares of Enova International stock. The shares were sold at an average price of $158.45, for a total transaction of $487,392.20.
- On Thursday, May 21st, David Fisher sold 7,180 shares of Enova International stock. The shares were sold at an average price of $160.37, for a total transaction of $1,151,456.60.
- On Thursday, May 7th, David Fisher sold 20,000 shares of Enova International stock. The stock was sold at an average price of $173.18, for a total value of $3,463,600.00.
Enova International Trading Up 0.8%
Shares of ENVA opened at $204.22 on Tuesday. 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 firm has a market capitalization of $5.08 billion, a P/E ratio of 16.54 and a beta of 1.28. The stock's fifty day simple moving average is $169.89 and its 200 day simple moving average is $156.87. Enova International, Inc. has a twelve month low of $96.57 and a twelve month high of $206.19.
Enova International (NYSE:ENVA - Get Free Report) last issued its earnings results on Thursday, April 23rd. The credit services provider reported $3.87 earnings per share 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 firm had revenue of $875.14 million for the quarter, compared to analysts' expectations of $854.52 million. During the same quarter last year, the firm earned $2.98 earnings per share. The firm's revenue for the quarter was up 17.4% compared to the same quarter last year. On average, equities research analysts forecast that Enova International, Inc. will post 15.37 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on ENVA shares. Stephens boosted their target price on Enova International from $185.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, April 24th. Citizens Jmp raised their price target on shares of Enova International from $182.00 to $195.00 and gave the company a "market outperform" rating in a report on Friday, April 24th. BTIG Research reaffirmed a "buy" rating and set a $199.00 price target on shares of Enova International in a research report on Thursday, April 23rd. 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, Citigroup reissued 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $198.80.
Get Our Latest Stock Analysis on Enova International
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of ENVA. SG Americas Securities LLC lifted its stake in shares of Enova International by 2,933.1% during the fourth 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. Informed Momentum Co LLC acquired a new stake in shares of Enova International in the fourth quarter valued at about $6,243,000. Marshall Wace LLP purchased a new stake in shares of Enova International during the 4th quarter valued at about $4,412,000. Geode Capital Management LLC raised its holdings in shares of Enova International by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider's stock valued at $96,095,000 after buying an additional 18,258 shares during the period. Finally, Legato Capital Management LLC purchased a new stake in shares of Enova International during the 4th quarter valued at about $1,851,000. 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.
Further Reading
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