Enova International, Inc. $ENVA Stock Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Enova International stake by 133.4% in the third quarter, acquiring 41,378 additional shares and ending with 72,385 shares worth approximately $12.1 million.
• Institutional investors and hedge funds collectively own 89.43% of ENVA, while analysts maintain a “Moderate Buy” consensus with an average price target of $230.83.
• Enova exceeded quarterly earnings and revenue estimates, reporting $4.31 in EPS and $928.93 million in revenue; however, Chairman David Fisher sold 20,750 shares for about $3.7 million.

Assenagon Asset Management S.A. grew its holdings in Enova International, Inc. (NYSE:ENVA - Free Report) by 133.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 72,385 shares of the credit services provider's stock after acquiring an additional 41,378 shares during the quarter. Assenagon Asset Management S.A. owned about 0.29% of Enova International worth $12,096,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ENVA. McIlrath & Eck LLC purchased a new stake in shares of Enova International in the 1st quarter valued at about $34,000. Integrated Wealth Concepts LLC purchased a new position in Enova International during the 2nd quarter worth $52,000. Pacer Advisors Inc. grew its position in Enova International by 58.5% during the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider's stock worth $56,000 after purchasing an additional 152 shares during the last quarter. Parallel Advisors LLC grew its position in Enova International by 1,503.3% during the 1st quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider's stock worth $65,000 after purchasing an additional 451 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Enova International in the second quarter valued at $116,000. Institutional investors and hedge funds own 89.43% of the company's stock.

Analysts Set New Price Targets

ENVA has been the subject of a number of research reports. TD Cowen reduced their target price on shares of Enova International from $257.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, September 15th. Jefferies Financial Group lowered their price target on Enova International from $300.00 to $275.00 and set a "buy" rating on the stock in a report on Wednesday, October 7th. Citigroup reissued a "market outperform" rating on shares of Enova International in a report on Tuesday, September 15th. BTIG Research boosted their price target on Enova International from $199.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, June 30th. Finally, Zacks Research cut Enova International from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 16th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $230.83.

Insider Transactions at Enova International

In other news, Chairman David Fisher sold 20,750 shares of the business's stock in a transaction 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 completion of the transaction, the chairman directly owned 306,444 shares of the company's stock, valued at $54,620,578.56. The trade was a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 39,319 shares of company stock valued at $8,185,473. 8.40% of the stock is currently owned by corporate insiders.

Enova International Stock Performance

Shares of ENVA stock opened at $175.99 on Tuesday. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 12.73 and a beta of 1.28. The stock has a 50 day simple moving average of $207.40 and a 200-day simple moving average of $198.48. Enova International, Inc. has a 12-month low of $108.72 and a 12-month high of $267.45. The company has a current ratio of 18.42, a quick ratio of 18.42 and a debt-to-equity ratio of 3.35.

Enova International (NYSE:ENVA - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share for the quarter, beating analysts' consensus estimates of $3.99 by $0.32. Enova International had a return on equity of 26.66% and a net margin of 10.31%. The firm had revenue of $928.93 million for the quarter, compared to the consensus estimate of $909.61 million. During the same period in the previous year, the business earned $3.23 earnings per share. The company's revenue for the quarter was up 21.6% compared to the same quarter last year. On average, equities analysts forecast that Enova International, Inc. will post 16.33 EPS for the current year.

About Enova International

Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. Its offerings include consumer installment loans and lines of credit, as well as small-business financing products designed to provide access to working capital. The company serves customers who may have limited access to traditional bank credit and uses data-driven underwriting and technology-enabled platforms in its lending operations.

Enova markets its products through brands including CashNetUSA and NetCredit, which provide consumer financial services, and OnDeck, which focuses on lending to small businesses.

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