Enova International (NYSE:ENVA) Trading Down 7.4% - Here's What Happened

Key Points

• Enova International shares fell 7.4% to about $235.60, with roughly 309,000 shares traded, after previously closing at $254.38.
• The company reported quarterly earnings of $4.31 per share, exceeding estimates of $3.99, while revenue rose 21.6% year over year to $928.93 million.
• Analysts remain broadly bullish, with a consensus “Buy” rating and average price target of $247.83; however, insiders sold 65,619 shares worth approximately $12.7 million during the last quarter.

Enova International, Inc. (NYSE:ENVA - Get Free Report) shares traded down 7.4% during trading on Thursday . The company traded as low as $233.57 and last traded at $235.6020. Approximately 308,927 shares traded hands during trading, a decline of 0% from the average session volume of 309,602 shares. The stock had previously closed at $254.38.

Analyst Ratings Changes

Several research firms have commented on ENVA. Maxim Group raised their target price on shares of Enova International from $191.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, April 27th. Stephens boosted their price objective on Enova International from $185.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, April 24th. BTIG Research increased their target price on Enova International from $199.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, June 30th. Zacks Research raised shares of Enova International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group lifted their price objective on Enova International from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to data from MarketBeat, Enova International has an average rating of "Buy" and a consensus price target of $247.83.

Enova International Stock Down 5.6%

The firm has a market capitalization of $5.98 billion, a P/E ratio of 17.80 and a beta of 1.22. The business has a 50 day moving average price of $234.73 and a 200 day moving average price of $181.99. The company has a debt-to-equity ratio of 3.35, a current ratio of 18.42 and a quick ratio of 18.42.

Enova International (NYSE:ENVA - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share for the quarter, beating the consensus estimate of $3.99 by $0.32. The company had revenue of $928.93 million during the quarter, compared to analysts' expectations of $909.61 million. Enova International had a return on equity of 26.66% and a net margin of 10.31%.Enova International's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.23 earnings per share. On average, analysts predict that Enova International, Inc. will post 16.3 earnings per share for the current year.

Insider Transactions at Enova International

In other Enova International news, Director William M. Goodyear sold 3,500 shares of the company's stock in a transaction on Tuesday, June 16th. The stock was 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 represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark Tebbe sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $201.37, for a total transaction of $4,027,400.00. Following the sale, the director directly owned 50,029 shares of the company's stock, valued at approximately $10,074,339.73. The trade was a 28.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 65,619 shares of company stock valued at $12,729,462. 8.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new position in Enova International during the 2nd quarter worth $38,453,000. Tieton Capital Management LLC bought a new stake in shares of Enova International in the 2nd quarter valued at about $26,577,000. Alyeska Investment Group L.P. bought a new stake in Enova International in the second quarter valued at approximately $25,749,000. Informed Momentum Co LLC acquired a new stake in Enova International during the 4th quarter worth $6,243,000. Finally, Marshall Wace LLP bought a new position in shares of Enova International during the 4th quarter valued at about $4,412,000. Institutional investors and hedge funds own 89.43% of the company's stock.

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.

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