Enova International, Inc. $ENVA Holdings Increased by CX Institutional

Key Points

• CX Institutional increased its Enova International stake by 157.5% in the third quarter, purchasing 22,113 additional shares and bringing its holdings to 36,153 shares valued at approximately $6.04 million. Institutional investors collectively own 89.43% of the company.
• Enova 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 maintain a “Moderate Buy” consensus, with an average price target of $231.67.
• Chairman David Fisher sold 20,750 shares for roughly $3.70 million, contributing to $8.19 million in insider sales during the quarter. ENVA opened at $172.76, with a market capitalization of about $4.30 billion.

CX Institutional raised its holdings in shares of Enova International, Inc. (NYSE:ENVA - Free Report) by 157.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,153 shares of the credit services provider's stock after buying an additional 22,113 shares during the quarter. CX Institutional owned about 0.15% of Enova International worth $6,042,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. HB Wealth Management LLC increased its position in shares of Enova International by 3.1% during the 2nd quarter. HB Wealth Management LLC now owns 1,677 shares of the credit services provider's stock valued at $404,000 after purchasing an additional 51 shares during the last quarter. GAMMA Investing LLC grew its position in Enova International by 2.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,897 shares of the credit services provider's stock worth $697,000 after acquiring an additional 73 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Enova International by 4.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,903 shares of the credit services provider's stock worth $458,000 after purchasing an additional 86 shares during the period. Pacer Advisors Inc. lifted its position in Enova International by 58.5% in the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider's stock valued at $56,000 after purchasing an additional 152 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Enova International by 5.2% in the 2nd quarter. NewEdge Advisors LLC now owns 3,670 shares of the credit services provider's stock worth $883,000 after acquiring an additional 181 shares during the last quarter. Institutional investors own 89.43% of the company's stock.

Insider Activity at Enova International

In other news, Chairman David Fisher sold 20,750 shares of the stock in a transaction that occurred 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 directly owned 306,444 shares in the company, valued at approximately $54,620,578.56. This represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 39,319 shares of company stock worth $8,185,473 over the last quarter. Corporate insiders own 8.40% of the company's stock.

Enova International Stock Up 0.7%

Shares of ENVA opened at $172.76 on Friday. The company has a debt-to-equity ratio of 3.35, a current ratio of 18.42 and a quick ratio of 18.42. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 12.81 and a beta of 1.28. Enova International, Inc. has a 1 year low of $103.02 and a 1 year high of $267.45. The business's 50 day simple moving average is $224.05 and its 200-day simple moving average is $194.71.

Enova International (NYSE:ENVA - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $4.31 EPS for the quarter, topping analysts' consensus estimates of $3.99 by $0.32. Enova International had a net margin of 10.31% and a return on equity of 26.66%. The business had revenue of $928.93 million during the quarter, compared to analysts' expectations of $909.61 million. During the same period last year, the company posted $3.23 EPS. The business's revenue was up 21.6% on a year-over-year basis. As a group, equities analysts expect that Enova International, Inc. will post 16.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on ENVA shares. Citigroup restated a "market outperform" rating on shares of Enova International in a report on Tuesday, September 15th. BTIG Research increased their price objective on Enova International from $199.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, June 30th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Enova International in a research report on Friday, July 17th. Stephens decreased their target price on Enova International from $275.00 to $205.00 and set an "overweight" rating for the company in a report on Thursday, September 17th. Finally, Jefferies Financial Group raised their price target on Enova International from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Wednesday, July 8th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $231.67.

About Enova International

Enova International, Inc is a technology-driven financial services company that provides online credit products to consumers and small businesses. The company uses data analytics, automated decision-making and digital platforms to evaluate applications, originate loans and manage customer accounts.

Enova's consumer finance business offers products such as installment loans and lines of credit through brands including CashNetUSA and NetCredit. Its small-business finance operations provide term loans and lines of credit through the OnDeck platform, which Enova acquired in 2020.

Founded in 2004 and headquartered in Chicago, Illinois, Enova serves customers primarily in the United States, as well as selected international markets, including the United Kingdom and Australia.

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