Enova International (NYSE:ENVA) Stock: Insider Steven Cunningham Sells 15,305 Shares

Key Points

• CEO Steven Cunningham sold 15,305 Enova shares at an average price of $172, generating proceeds of approximately $2.63 million and reducing his ownership by 11.41%.
• Enova reported quarterly EPS of $4.48, beating estimates by $0.06, while revenue rose 25.7% year over year to $1.01 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $239, although several firms recently lowered their targets; institutional investors own 89.43% of the stock.

Enova International, Inc. (NYSE:ENVA - Get Free Report) CEO Steven Cunningham sold 15,305 shares of the company's stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $172.00, for a total value of $2,632,460.00. Following the sale, the chief executive officer owned 118,789 shares of the company's stock, valued at $20,431,708. The trade was a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Enova International Price Performance

Shares of ENVA stock traded up $1.15 on Thursday, hitting $180.97. 354,329 shares of the company's stock were exchanged, compared to its average volume of 323,887. The company has a 50 day moving average of $195.78 and a 200 day moving average of $183.57. The stock has a market cap of $4.43 billion, a P/E ratio of 12.46 and a beta of 1.28. The company has a debt-to-equity ratio of 3.43, a current ratio of 18.92 and a quick ratio of 18.91. Enova International, Inc. has a 12 month low of $118.28 and a 12 month high of $267.45.

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

Analysts Set New Price Targets

ENVA has been the subject of several analyst reports. Maxim Group dropped their price target on shares of Enova International from $285.00 to $220.00 and set a "buy" rating for the company in a research note on Monday. Jefferies Financial Group lowered their price objective on shares of Enova International from $300.00 to $275.00 and set a "buy" rating for the company in a research note on Wednesday, October 7th. Wall Street Zen lowered shares of Enova International from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 22nd. Stephens increased their price objective on shares of Enova International from $215.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday, October 23rd. Finally, Zacks Research downgraded Enova International from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 16th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $239.00.

Institutional Investors Weigh In On Enova International

Several hedge funds and other institutional investors have recently made changes to their positions in ENVA. Bank of New York Mellon Corp bought a new stake in shares of Enova International during the 2nd quarter worth $38,453,000. Tieton Capital Management LLC bought a new position in Enova International during the second quarter valued at about $26,577,000. Alyeska Investment Group L.P. purchased a new stake in Enova International during the second quarter worth about $25,749,000. Amundi increased its holdings in Enova International by 66.6% during the second quarter. Amundi now owns 207,684 shares of the credit services provider's stock worth $49,996,000 after buying an additional 83,002 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Enova International by 133.4% in the third quarter. Assenagon Asset Management S.A. now owns 72,385 shares of the credit services provider's stock worth $12,096,000 after acquiring an additional 41,378 shares during the period. 89.43% of the stock is owned by institutional investors.

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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