Insider Selling: Enova International (NYSE:ENVA) Chairman Sells $2,267,628.00 in Stock

Key Points

• Insider sale: Enova International Chairman David Fisher sold 13,200 shares for approximately $2.27 million at an average price of $171.79, reducing his stake by 4.13% to 306,444 shares.
• Strong quarterly results: Enova reported adjusted earnings of $4.48 per share, exceeding estimates of $4.42, while revenue rose 25.7% year over year to $1.01 billion.
• Analyst sentiment remains positive: Eight analysts rate the stock Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and a $239 average price target versus the reported trading price of $180.97.

Enova International, Inc. (NYSE:ENVA - Get Free Report) Chairman David Fisher sold 13,200 shares of Enova International stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $171.79, for a total transaction of $2,267,628.00. Following the sale, the chairman owned 306,444 shares of the company's stock, valued at approximately $52,644,014.76. This represents a 4.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, October 28th, David Fisher sold 9,957 shares of Enova International stock. The shares were sold at an average price of $178.16, for a total transaction of $1,773,939.12.
• On Thursday, September 17th, David Fisher sold 20,750 shares of Enova International stock. The stock was sold at an average price of $178.24, for a total value of $3,698,480.00.
• On Tuesday, August 25th, David Fisher sold 9,491 shares of Enova International stock. The stock was 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 stock was sold at an average price of $239.16, for a total value of $2,171,094.48.

Enova International Stock Performance

NYSE:ENVA traded up $1.15 during mid-day trading on Thursday, hitting $180.97. The stock had a trading volume of 354,329 shares, 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. The company's 50 day simple moving average is $195.78 and its 200 day simple moving average is $183.57. Enova International, Inc. has a twelve month low of $118.28 and a twelve month high of $267.45. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 12.46 and a beta of 1.28.

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

Analyst Upgrades and Downgrades

ENVA has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their price target on Enova International from $300.00 to $275.00 and set a "buy" rating for the company in a report on Wednesday, October 7th. Citigroup restated a "market outperform" rating on shares of Enova International in a research report on Friday, October 23rd. Wall Street Zen downgraded shares of Enova International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 22nd. Stephens boosted their target price on shares of Enova International from $215.00 to $225.00 and gave the company an "overweight" rating in a research report on Friday, October 23rd. Finally, Zacks Research cut shares of Enova International from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 16th. 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $239.00.

Hedge Funds Weigh In On Enova International

A number of large investors have recently made changes to their positions in ENVA. Aviance Capital Partners LLC raised its holdings 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 valued at $2,124,000 after acquiring an additional 211 shares in the last quarter. Vise Technologies Inc. boosted its stake in shares of Enova International by 9.7% in the 3rd quarter. Vise Technologies Inc. now owns 3,814 shares of the credit services provider's stock valued at $637,000 after purchasing an additional 338 shares in the last quarter. State of Wyoming purchased a new position in shares of Enova International in the third quarter worth about $69,000. BOKF NA lifted its position in Enova International by 7.5% in the third quarter. BOKF NA now owns 5,854 shares of the credit services provider's stock valued at $978,000 after purchasing an additional 409 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new position in shares of Enova International during the third quarter valued at about $283,000. 89.43% of the stock is owned by institutional investors.

About Enova International

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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