Insider Selling: Enova International (NYSE:ENVA) General Counsel Sells 10,000 Shares of Company Stock

Key Points

• Enova International’s general counsel sold 10,000 shares at an average price of $183.26, generating proceeds of approximately $1.83 million and reducing his ownership by 8.75% to 104,249 shares.
• Enova reported quarterly EPS of $4.48, exceeding estimates of $4.42, while revenue reached $1.01 billion—up 25.7% year over year.
• Analysts remain broadly positive, with eight Buy ratings and one Hold rating; the stock has a consensus “Moderate Buy” rating and a $239 price target.

Enova International, Inc. (NYSE:ENVA - Get Free Report) General Counsel Sean Rahilly sold 10,000 shares of the stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $183.26, for a total value of $1,832,600.00. Following the transaction, the general counsel owned 104,249 shares in the company, valued at $19,104,671.74. This trade represents a 8.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Enova International Price Performance

Shares of NYSE ENVA traded down $0.27 during trading hours on Monday, reaching $173.82. 228,758 shares of the stock traded hands, compared to its average volume of 323,004. The company's 50-day simple moving average is $192.99 and its two-hundred day simple moving average is $183.74. The company has a market capitalization of $4.25 billion, a P/E ratio of 11.97 and a beta of 1.28. Enova International, Inc. has a 52-week low of $118.31 and a 52-week high of $267.45. The company has a quick ratio of 18.91, a current ratio of 18.92 and a debt-to-equity ratio of 3.43.

Enova International (NYSE:ENVA - Get Free Report) last issued its earnings results on Thursday, October 22nd. The credit services provider reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.42 by $0.06. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Enova International had a return on equity of 27.25% and a net margin of 10.47%. Enova International's revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.36 earnings per share. Equities research analysts forecast that Enova International, Inc. will post 16.32 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Citizens Jmp boosted their price target on shares of Enova International from $215.00 to $220.00 and gave the stock a "market outperform" rating in a research note on Friday, October 23rd. Stephens raised their price objective on Enova International from $215.00 to $225.00 and gave the company an "overweight" rating in a research note on Friday, October 23rd. TD Cowen lifted their price objective on Enova International from $220.00 to $224.00 and gave the stock a "buy" rating in a report on Friday, October 23rd. Weiss Ratings reissued a "buy (b-)" rating on shares of Enova International in a research note on Thursday, October 15th. Finally, Maxim Group dropped their target price on Enova International from $285.00 to $220.00 and set a "buy" rating for the company in a report on Monday, October 26th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Enova International currently has a consensus rating of "Moderate Buy" and a consensus target price of $239.00.

Institutional Investors Weigh In On Enova International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENVA. USA Financial Formulas bought a new stake in Enova International in the 3rd quarter worth $30,000. Integrated Wealth Concepts LLC bought a new position in shares of Enova International during the second quarter valued at about $52,000. McIlrath & Eck LLC purchased a new stake in shares of Enova International during the first quarter worth about $34,000. Pacer Advisors Inc. boosted its holdings in shares of Enova International by 58.5% during the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider's stock worth $56,000 after purchasing an additional 152 shares during the period. Finally, State of Wyoming bought a new stake in shares of Enova International in the third quarter worth about $69,000. 89.43% of the stock is currently 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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