Enova International (NYSE:ENVA) CEO Sells $1,888,426.68 in Stock

Enova International, Inc. (NYSE:ENVA) CEO Steven Cunningham sold 11,436 shares of the company’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $165.13, for a total transaction of $1,888,426.68. Following the transaction, the chief executive officer directly owned 127,719 shares in the company, valued at approximately $21,090,238.47. This trade represents a 8.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Enova International Stock Up 2.6%

Shares of NYSE ENVA opened at $159.83 on Friday. The company has a quick ratio of 19.29, a current ratio of 9.48 and a debt-to-equity ratio of 3.37. Enova International, Inc. has a 52 week low of $79.41 and a 52 week high of $176.68. The firm has a 50-day moving average price of $156.10 and a 200 day moving average price of $130.04. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 13.80 and a beta of 1.25.

Enova International (NYSE:ENVA) last issued its earnings results on Tuesday, January 27th. The credit services provider reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.29. Enova International had a net margin of 9.78% and a return on equity of 25.31%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $838.59 million. During the same period in the prior year, the business posted $2.61 earnings per share. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. Equities research analysts anticipate that Enova International, Inc. will post 10.31 EPS for the current fiscal year.

Enova International declared that its board has authorized a stock repurchase plan on Wednesday, November 12th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the credit services provider to purchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have weighed in on ENVA shares. BTIG Research reissued a “buy” rating and issued a $199.00 target price on shares of Enova International in a report on Wednesday, January 28th. Citizens Jmp increased their price objective on shares of Enova International from $180.00 to $182.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 28th. Zacks Research upgraded shares of Enova International from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a report on Thursday, January 22nd. Finally, Maxim Group set a $191.00 price target on shares of Enova International in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat, Enova International has an average rating of “Buy” and a consensus price target of $180.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. acquired a new stake in shares of Enova International during the 3rd quarter worth about $28,000. Bessemer Group Inc. lifted its stake in shares of Enova International by 174.2% during the third quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider’s stock valued at $30,000 after buying an additional 162 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Enova International during the fourth quarter valued at approximately $31,000. Strs Ohio acquired a new stake in Enova International during the third quarter worth approximately $35,000. Finally, Farther Finance Advisors LLC grew its stake in Enova International by 26.9% in the 4th quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock worth $47,000 after acquiring an additional 64 shares during the period. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

About Enova International

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.