Key Points
- Chairman David Fisher sold 20,750 Enova shares at an average price of $178.24, totaling approximately $3.70 million. His remaining stake fell 6.34% to 306,444 shares.
- Enova’s latest quarterly results exceeded expectations, with EPS of $4.31 versus the $3.99 consensus estimate and revenue of $928.93 million, up 21.6% year over year.
- Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $231.67, despite recent target-price reductions and the stock’s decline.
Enova International, Inc. (NYSE:ENVA - Get Free Report) Chairman David Fisher sold 20,750 shares of Enova International stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $178.24, for a total value of $3,698,480.00. Following the sale, the chairman owned 306,444 shares in the company, valued at $54,620,578.56. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.
David Fisher also recently made the following trade(s):
- On Tuesday, August 25th, David Fisher sold 9,491 shares of Enova International stock. The shares were sold at an average price of $244.01, for a total value of $2,315,898.91.
- On Wednesday, August 26th, David Fisher sold 9,078 shares of Enova International stock. The stock was sold at an average price of $239.16, for a total transaction of $2,171,094.48.
Enova International Stock Down 1.7%
ENVA opened at $171.76 on Tuesday. Enova International, Inc. has a twelve month low of $103.02 and a twelve month high of $267.45. The company's 50-day moving average price is $234.85 and its two-hundred day moving average price is $193.12. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 12.73 and a beta of 1.21. The company has a quick ratio of 18.42, a current ratio of 18.42 and a debt-to-equity ratio of 3.35.
Enova International (NYSE:ENVA - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.99 by $0.32. The company had revenue of $928.93 million during the quarter, compared to analyst estimates of $909.61 million. Enova International had a net margin of 10.31% and a return on equity of 26.66%. Enova International's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.23 EPS. As a group, equities analysts expect that Enova International, Inc. will post 16.33 earnings per share for the current year.
Institutional Investors Weigh In On Enova International
Several institutional investors have recently made changes to their positions in ENVA. Sequoia Financial Advisors LLC boosted its holdings in shares of Enova International by 4.7% in the second quarter. Sequoia Financial Advisors LLC now owns 1,903 shares of the credit services provider's stock worth $458,000 after acquiring an additional 86 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Enova International during the 2nd quarter valued at $52,000. NewEdge Advisors LLC raised its stake in shares of Enova International by 5.2% during the 2nd quarter. NewEdge Advisors LLC now owns 3,670 shares of the credit services provider's stock valued at $883,000 after purchasing an additional 181 shares during the period. Allworth Financial LP lifted its holdings in Enova International by 87.3% during the 2nd quarter. Allworth Financial LP now owns 635 shares of the credit services provider's stock worth $153,000 after purchasing an additional 296 shares in the last quarter. Finally, Nykredit A S purchased a new stake in Enova International during the 2nd quarter worth about $250,000. Hedge funds and other institutional investors own 89.43% of the company's stock.
Wall Street Analysts Forecast Growth
ENVA has been the topic of several research reports. Wall Street Zen lowered Enova International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 22nd. Citizens Jmp decreased their price objective on Enova International from $270.00 to $215.00 and set a "market outperform" rating for the company in a report on Tuesday, September 15th. Stephens lowered their price objective on Enova International from $275.00 to $205.00 and set an "overweight" rating on the stock in a research note on Thursday. Citigroup reaffirmed a "market outperform" rating on shares of Enova International in a report on Tuesday, September 15th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Enova International in a research report on Friday, July 17th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $231.67.
View Our Latest Research Report on Enova International
Enova International Company Profile
(
Get Free Report)
Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. The company uses technology, data analytics and automated decision-making to offer credit products designed for customers who may have limited access to traditional bank financing.
Enova's consumer finance brands include CashNetUSA and NetCredit, which offer products such as short-term and installment loans, lines of credit and other forms of personal credit, subject to applicable laws and eligibility requirements.
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