Enova International (NYSE:ENVA) Chairman David Fisher Sells 20,750 Shares

Key Points

• Chairman David Fisher sold 20,750 Enova shares at an average price of $178.24, generating approximately $3.70 million. His remaining stake fell 6.34% to 306,444 shares.
• Enova’s stock recently traded at $171.76, well below its 50-day moving average of $236.06, despite strong quarterly results that exceeded earnings and revenue expectations.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $231.67, while institutional investors own approximately 89.43% of the company.

Enova International, Inc. (NYSE:ENVA - Get Free Report) Chairman David Fisher sold 20,750 shares of the company'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 transaction, the chairman owned 306,444 shares in the company, valued at $54,620,578.56. This trade represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

David Fisher also recently made the following trade(s):

• On Tuesday, August 25th, David Fisher sold 9,491 shares of Enova International stock. The shares were sold at an average price of $244.01, for a total transaction of $2,315,898.91.
• On Wednesday, August 26th, David Fisher sold 9,078 shares of Enova International stock. The stock was sold at an average price of $239.16, for a total transaction of $2,171,094.48.

Enova International Price Performance

NYSE:ENVA traded down $2.96 during mid-day trading on Monday, hitting $171.76. 448,965 shares of the company's stock traded hands, compared to its average volume of 320,317. The firm's 50 day simple moving average is $236.06 and its 200 day simple moving average is $192.91. Enova International, Inc. has a 1 year low of $103.02 and a 1 year high of $267.45. The company has a market cap of $4.28 billion, a PE ratio of 12.73 and a beta of 1.21. The company has a debt-to-equity ratio of 3.35, a quick ratio of 18.42 and a current ratio of 18.42.

Enova International (NYSE:ENVA - Get Free Report) last issued its 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. The firm had revenue of $928.93 million for 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%.The firm's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.23 earnings per share. Sell-side analysts expect that Enova International, Inc. will post 16.33 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ENVA shares. Weiss Ratings reissued a "buy (b-)" rating on shares of Enova International in a research report on Friday, July 17th. Wall Street Zen cut Enova International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 22nd. Citigroup reiterated a "market outperform" rating on shares of Enova International in a research note on Tuesday, September 15th. Stephens lowered their target price on shares of Enova International from $275.00 to $205.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Zacks Research downgraded shares of Enova International from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 16th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $231.67.

Hedge Funds Weigh In On Enova International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its holdings in shares of Enova International by 4.7% in the second quarter. Sequoia Financial Advisors LLC now owns 1,903 shares of the credit services provider's stock valued at $458,000 after buying an additional 86 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Enova International during the second quarter worth $52,000. NewEdge Advisors LLC lifted its position in Enova International by 5.2% during the 2nd quarter. NewEdge Advisors LLC now owns 3,670 shares of the credit services provider's stock worth $883,000 after buying an additional 181 shares in the last quarter. Allworth Financial LP raised its holdings in 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 acquiring an additional 296 shares in the last quarter. Finally, Nykredit A S acquired a new position in shares of Enova International during the 2nd quarter worth approximately $250,000. Institutional investors and hedge funds own 89.43% of the company's stock.

Enova International Company 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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