Enova International (NYSE:ENVA) Insider Kirk Chartier Sells 27,977 Shares of Stock

Key Points

• Enova insider Kirk Chartier sold 27,977 shares at an average price of $171.51, generating approximately $4.8 million. His remaining 76,995 shares are valued at about $13.2 million, a 26.65% reduction in ownership.
• Enova reported quarterly EPS of $4.48, exceeding analyst expectations of $4.42, while revenue rose 25.7% year over year to $1.01 billion.
• The stock recently traded at $180.97, up 0.6%. Analysts maintain a “Moderate Buy” consensus, with eight Buy ratings, one Hold rating, and an average price target of $239.

Enova International, Inc. (NYSE:ENVA - Get Free Report) insider Kirk Chartier sold 27,977 shares of the business's stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $171.51, for a total transaction of $4,798,335.27. Following the sale, the insider directly owned 76,995 shares of the company's stock, valued at $13,205,412.45. This represents a 26.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Enova International Stock Up 0.6%

Shares of Enova International stock traded up $1.15 during trading on Thursday, hitting $180.97. 354,329 shares of the stock traded hands, compared to its average volume of 323,887. The firm has a market cap of $4.43 billion, a P/E ratio of 12.46 and a beta of 1.28. Enova International, Inc. has a 52-week low of $118.28 and a 52-week high of $267.45. The company has a current ratio of 18.92, a quick ratio of 18.91 and a debt-to-equity ratio of 3.43. The stock's fifty day simple moving average is $195.78 and its 200 day simple moving average is $183.57.

Enova International (NYSE:ENVA - Get Free Report) last announced its earnings results on Thursday, October 22nd. The credit services provider reported $4.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.42 by $0.06. The business had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1 billion. Enova International had a return on equity of 27.25% and a net margin of 10.47%. The business's revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.36 EPS. On average, equities analysts predict that Enova International, Inc. will post 16.33 earnings per share for the current fiscal year.

Institutional Trading of Enova International

A number of hedge funds and other institutional investors have recently made changes to their positions in ENVA. USA Financial Formulas purchased a new position in Enova International in the third quarter valued at about $30,000. McIlrath & Eck LLC acquired a new position in Enova International during the 1st quarter worth approximately $34,000. Integrated Wealth Concepts LLC purchased a new position in Enova International in the 2nd quarter valued at about $52,000. Pacer Advisors Inc. lifted its stake in shares of Enova International by 58.5% in the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider's stock worth $56,000 after acquiring an additional 152 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Enova International by 1,503.3% in the first quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider's stock valued at $65,000 after purchasing an additional 451 shares during the last quarter. Institutional investors and hedge funds own 89.43% of the company's stock.

Analyst Upgrades and Downgrades

ENVA has been the topic of several analyst reports. Jefferies Financial Group dropped their target price on Enova International from $300.00 to $275.00 and set a "buy" rating on the stock in a report on Wednesday, October 7th. Maxim Group reduced their price objective on shares of Enova International from $285.00 to $220.00 and set a "buy" rating for the company in a research report on Monday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Enova International in a research report on Thursday, October 15th. TD Cowen boosted their target price on shares of Enova International from $220.00 to $224.00 and gave the stock a "buy" rating in a research note on Friday, October 23rd. Finally, Wall Street Zen lowered Enova International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 22nd. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Enova International presently has a consensus rating of "Moderate Buy" and an average price target of $239.00.

Enova International Company Profile

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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