Steven E. Cunningham Sells 26,310 Shares of Enova International, Inc. (NYSE:ENVA) Stock

Key Points

• Enova International's CFO Steven E. Cunningham recently sold 26,310 shares for approximately $2.78 million, resulting in a 16.71% decrease in his ownership of the company’s stock.
• The company reported earnings of $3.23 per share for the last quarter, surpassing analysts' estimates of $3.00, with revenue rising by 21.6% year-over-year to $764.04 million.
• Institutional investors hold 89.43% of Enova International’s stock, indicating strong interest from large investors in the company’s future growth potential.

Enova International, Inc. (NYSE:ENVA - Get Free Report) CFO Steven E. Cunningham sold 26,310 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $105.72, for a total value of $2,781,493.20. Following the transaction, the chief financial officer directly owned 131,157 shares in the company, valued at approximately $13,865,918.04. This trade represents a 16.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Enova International Stock Performance

Shares of NYSE:ENVA traded down $4.06 during trading on Friday, reaching $100.50. 396,185 shares of the stock were exchanged, compared to its average volume of 356,662. The company has a current ratio of 18.15, a quick ratio of 18.55 and a debt-to-equity ratio of 3.23. The firm has a market cap of $2.51 billion, a PE ratio of 10.67 and a beta of 1.48. The stock has a 50-day moving average price of $104.57 and a 200-day moving average price of $101.23. Enova International, Inc. has a 12 month low of $72.43 and a 12 month high of $119.06.

Enova International (NYSE:ENVA - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The credit services provider reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.23. The business had revenue of $764.04 million during the quarter, compared to analysts' expectations of $756.69 million. Enova International had a return on equity of 23.33% and a net margin of 8.75%. The firm's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.21 earnings per share. Research analysts expect that Enova International, Inc. will post 10.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Enova International

Several institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in shares of Enova International by 15,008.8% in the first quarter. GAMMA Investing LLC now owns 166,952 shares of the credit services provider's stock valued at $16,121,000 after buying an additional 165,847 shares during the period. Baird Financial Group Inc. boosted its stake in shares of Enova International by 2.1% in the first quarter. Baird Financial Group Inc. now owns 154,674 shares of the credit services provider's stock valued at $14,935,000 after buying an additional 3,162 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Enova International by 42.7% in the fourth quarter. BNP Paribas Financial Markets now owns 82,872 shares of the credit services provider's stock valued at $7,946,000 after buying an additional 24,806 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Enova International by 238.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 68,600 shares of the credit services provider's stock valued at $7,650,000 after buying an additional 48,350 shares during the period. Finally, CX Institutional lifted its stake in Enova International by 151.5% during the second quarter. CX Institutional now owns 67,538 shares of the credit services provider's stock worth $7,532,000 after purchasing an additional 40,681 shares during the last quarter. 89.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ENVA shares. Seaport Res Ptn upgraded Enova International to a "strong-buy" rating in a report on Wednesday, May 14th. JMP Securities restated a "market outperform" rating and set a $135.00 price objective on shares of Enova International in a report on Wednesday, April 30th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $111.00.

About Enova International

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.