Insider Selling: Enova International (NYSE:ENVA) Chairman Sells $1,773,939.12 in Stock

Key Points

• Enova International Chairman David Fisher sold 9,957 shares for approximately $1.77 million, reducing his stake by 3.15% to 306,444 shares.
• The insider sale follows several additional disposals by Fisher since August, while Enova shares recently traded at $180.97, below their 50-day moving average of $195.78.
• Enova reported quarterly earnings of $4.48 per share, slightly beating estimates, with revenue rising 25.7% year over year; analysts maintain a “Moderate Buy” consensus and a $239 target price.

Enova International, Inc. (NYSE:ENVA - Get Free Report) Chairman David Fisher sold 9,957 shares of the company's stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $178.16, for a total transaction of $1,773,939.12. Following the completion of the transaction, the chairman owned 306,444 shares in the company, valued at approximately $54,596,063.04. This trade represents a 3.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, October 27th, David Fisher sold 13,200 shares of Enova International stock. The shares were sold at an average price of $171.79, for a total transaction of $2,267,628.00.
• On Thursday, September 17th, David Fisher sold 20,750 shares of Enova International stock. The shares were sold at an average price of $178.24, for a total transaction of $3,698,480.00.
• 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 value of $2,315,898.91.
• On Wednesday, August 26th, David Fisher sold 9,078 shares of Enova International stock. The shares were sold at an average price of $239.16, for a total transaction of $2,171,094.48.

Enova International Price Performance

Shares of Enova International stock traded up $1.15 during trading on Thursday, reaching $180.97. 354,329 shares of the company's stock were exchanged, compared to its average volume of 323,887. The company has a debt-to-equity ratio of 3.43, a quick ratio of 18.91 and a current ratio of 18.92. Enova International, Inc. has a 1-year low of $118.28 and a 1-year high of $267.45. The company has a market cap of $4.43 billion, a P/E ratio of 12.46 and a beta of 1.28. The firm's 50-day moving average price is $195.78 and its 200 day moving average price is $183.57.

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. As a group, research analysts anticipate that Enova International, Inc. will post 16.33 earnings per share for the current year.

Hedge Funds Weigh In On Enova International

Hedge funds have recently bought and sold shares of the company. Aviance Capital Partners LLC raised its position in shares of Enova International by 1.7% in the 3rd quarter. Aviance Capital Partners LLC now owns 12,708 shares of the credit services provider's stock worth $2,124,000 after acquiring an additional 211 shares in the last quarter. Vise Technologies Inc. boosted its stake in Enova International by 9.7% during the third quarter. Vise Technologies Inc. now owns 3,814 shares of the credit services provider's stock worth $637,000 after acquiring an additional 338 shares in the last quarter. State of Wyoming acquired a new stake in Enova International in the third quarter worth $69,000. BOKF NA grew its holdings in Enova International by 7.5% in the third quarter. BOKF NA now owns 5,854 shares of the credit services provider's stock worth $978,000 after purchasing an additional 409 shares during the period. Finally, Simplicity Wealth LLC acquired a new stake in Enova International in the third quarter worth $283,000. Institutional investors own 89.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup reaffirmed a "market outperform" rating on shares of Enova International in a report on Friday, October 23rd. Wall Street Zen lowered Enova International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 22nd. Stephens boosted their price target on Enova International from $215.00 to $225.00 and gave the stock an "overweight" rating in a report on Friday, October 23rd. Zacks Research downgraded Enova International from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 16th. Finally, 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. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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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