Danske Bank A S Reduces Stock Position in Enova International, Inc. $ENVA

Key Points

• Danske Bank A S sharply reduced its Enova International stake by 97.7% in the fourth quarter, leaving it with just 200 shares worth about $31,000.
• Wall Street sentiment remains bullish, with several analysts raising price targets and the consensus rating on Enova at “Buy,” alongside a consensus target price of $198.80.
• Enova reported strong quarterly results, beating EPS and revenue estimates, while revenue rose 17.4% year over year and the stock traded near its 12-month high.

Danske Bank A S cut its position in Enova International, Inc. (NYSE:ENVA - Free Report) by 97.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 200 shares of the credit services provider's stock after selling 8,410 shares during the period. Danske Bank A S's holdings in Enova International were worth $31,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in Enova International in the fourth quarter valued at approximately $31,000. Bessemer Group Inc. increased its holdings in Enova International by 174.2% in the 3rd quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider's stock worth $30,000 after buying an additional 162 shares during the period. Strs Ohio purchased a new position in Enova International during the 3rd quarter worth approximately $35,000. Farther Finance Advisors LLC raised its position in Enova International by 26.9% during the 4th quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider's stock worth $47,000 after buying an additional 64 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Enova International by 350.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider's stock valued at $50,000 after acquiring an additional 350 shares during the period. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Stephens upped their price objective on shares of Enova International from $185.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, April 24th. Maxim Group raised their target price on shares of Enova International from $191.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, April 27th. Wall Street Zen upgraded shares of Enova International from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 2nd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Enova International in a report on Tuesday, April 21st. Finally, Citizens Jmp increased their price target on Enova International from $182.00 to $195.00 and gave the stock a "market outperform" rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat.com, Enova International presently has a consensus rating of "Buy" and a consensus target price of $198.80.

Enova International Trading Up 1.5%

Enova International stock opened at $175.11 on Friday. The firm has a market cap of $4.36 billion, a PE ratio of 14.18 and a beta of 1.32. Enova International, Inc. has a 12 month low of $89.00 and a 12 month high of $176.68. The stock's 50 day simple moving average is $147.68 and its two-hundred day simple moving average is $145.66. The company has a current ratio of 20.42, a quick ratio of 20.42 and a debt-to-equity ratio of 3.45.

Enova International (NYSE:ENVA - Get Free Report) last posted its earnings results on Thursday, April 23rd. The credit services provider reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.21. Enova International had a net margin of 9.95% and a return on equity of 25.89%. The firm had revenue of $875.14 million during the quarter, compared to analyst estimates of $854.52 million. During the same period in the previous year, the firm earned $2.98 EPS. The business's quarterly revenue was up 17.4% on a year-over-year basis. Analysts anticipate that Enova International, Inc. will post 15.37 earnings per share for the current year.

Insider Buying and Selling at Enova International

In other news, CEO Steven E. Cunningham sold 7,852 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $175.50, for a total transaction of $1,378,026.00. Following the sale, the chief executive officer directly owned 122,945 shares of the company's stock, valued at $21,576,847.50. This represents a 6.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman David Fisher sold 7,143 shares of the firm's stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $149.49, for a total value of $1,067,807.07. Following the sale, the chairman owned 326,444 shares in the company, valued at $48,800,113.56. This trade represents a 2.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 8.40% of the stock is currently owned by company insiders.

Enova International Profile

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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