Squarepoint Ops LLC Reduces Stock Position in Enova International, Inc. $ENVA

Key Points

• Squarepoint Ops LLC reduced its Enova International stake by 89.7% in the second quarter, selling 25,578 shares and retaining 2,947 shares valued at approximately $709,000.
• Institutional ownership remains high at 89.43%, though hedge-fund activity was mixed, with firms including Amundi increasing their positions while others added new stakes.
• Enova reported quarterly earnings and revenue above expectations, but investor sentiment is mixed due to analyst price-target cuts, the abandoned Grasshopper-related applications, and potential securities-law investigations.

Squarepoint Ops LLC cut its holdings in shares of Enova International, Inc. (NYSE:ENVA - Free Report) by 89.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,947 shares of the credit services provider's stock after selling 25,578 shares during the period. Squarepoint Ops LLC's holdings in Enova International were worth $709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP increased its stake in shares of Enova International by 87.3% during the second quarter. Allworth Financial LP now owns 635 shares of the credit services provider's stock worth $153,000 after purchasing an additional 296 shares in the last quarter. Nykredit A S acquired a new position in shares of Enova International in the 2nd quarter valued at $250,000. Amundi raised its stake in shares of Enova International by 66.6% in the 2nd quarter. Amundi now owns 207,684 shares of the credit services provider's stock valued at $49,996,000 after acquiring an additional 83,002 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Enova International by 2.5% in the 2nd quarter. HighTower Advisors LLC now owns 22,295 shares of the credit services provider's stock worth $5,367,000 after acquiring an additional 536 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Enova International during the second quarter worth $602,000. 89.43% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Enova International

Here are the key news stories impacting Enova International this week:

• Positive Sentiment: Despite the Grasshopper setback, Enova reaffirmed its financial guidance excluding the acquisition and accelerated its share-repurchase program. Approximately $349 million—about 8% of its market capitalization—has been authorized for buybacks through June 2027, which could support earnings per share and shareholder returns. Enova International: Oversold, Upgrading To Buy
• Positive Sentiment: An analyst upgrade characterized ENVA as oversold, citing a forward price-to-earnings multiple of slightly above 10 times expected fiscal 2026 earnings, projected earnings-per-share growth of 30%–35%, and Enova’s differentiated focus on business lending. Separately, Zacks highlighted the company as a highly ranked growth stock. Enova International Is a Top-Ranked Growth Stock
• Neutral Sentiment: Analyst sentiment remains mixed: Enova retains a consensus “Buy” rating, but TD Cowen and Citizens JMP lowered their price expectations, while Zacks Research downgraded the shares from “Strong Buy” to “Hold.” These revisions signal reduced confidence in the stock’s near-term upside rather than a clear change to the company’s fundamentals.
• Negative Sentiment: The abandoned Grasshopper-related applications have undermined confidence in the proposed acquisition and contributed to the recent selloff. Investors are now more focused on interest rates, credit losses, and broader macroeconomic conditions. Why Enova International Stock Was Plummeting This Week
• Negative Sentiment: Several law firms announced investigations into potential securities-law violations or other investor claims involving Enova. These announcements do not establish wrongdoing, but they add reputational and litigation risk and may weigh on investor sentiment. Enova International Investigation

Wall Street Analyst Weigh In

ENVA has been the subject of several analyst reports. Citigroup reiterated a "market outperform" rating on shares of Enova International in a report on Tuesday. Wall Street Zen lowered shares of Enova International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 22nd. Zacks Research cut shares of Enova International from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Jefferies Financial Group boosted their price objective on Enova International from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, July 8th. Finally, TD Cowen decreased their price objective on Enova International from $257.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $231.67.

Enova International Stock Performance

NYSE:ENVA opened at $174.96 on Friday. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 12.97 and a beta of 1.21. The firm's fifty day simple moving average is $236.06 and its 200 day simple moving average is $192.55. Enova International, Inc. has a twelve month low of $103.02 and a twelve 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 data on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.99 by $0.32. The company had revenue of $928.93 million for the quarter, compared to the consensus estimate 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 previous year, the business earned $3.23 EPS. As a group, equities research analysts expect that Enova International, Inc. will post 16.33 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman David Fisher sold 9,491 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $244.01, for a total value of $2,315,898.91. Following the completion of the sale, the chairman directly owned 306,444 shares of the company's stock, valued at approximately $74,775,400.44. This represents a 3.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.40% of the company's stock.

Enova International Profile

Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. The company uses technology, data analytics and automated decision-making to offer credit products designed for customers who may have limited access to traditional bank financing.

Enova's consumer finance brands include CashNetUSA and NetCredit, which offer products such as short-term and installment loans, lines of credit and other forms of personal credit, subject to applicable laws and eligibility requirements.

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