Short Interest in Enova International, Inc. (NYSE:ENVA) Declines By 9.1%

Enova International, Inc. (NYSE:ENVA) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 1,690,000 shares, a drop of 9.1% from the September 30th total of 1,860,000 shares. Currently, 6.8% of the company’s stock are short sold. Based on an average daily volume of 219,600 shares, the days-to-cover ratio is presently 7.7 days.

Enova International Trading Up 0.1 %

Shares of NYSE ENVA traded up $0.13 during trading on Friday, reaching $87.04. The stock had a trading volume of 53,010 shares, compared to its average volume of 232,065. Enova International has a fifty-two week low of $38.89 and a fifty-two week high of $96.01. The company has a debt-to-equity ratio of 2.79, a quick ratio of 15.82 and a current ratio of 15.82. The business’s 50-day moving average price is $83.55 and its 200-day moving average price is $72.38. The company has a market cap of $2.28 billion, a P/E ratio of 13.86 and a beta of 1.43.

Enova International (NYSE:ENVA) last released its earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.31 by $0.14. The firm had revenue of $689.92 million during the quarter, compared to analysts’ expectations of $666.33 million. Enova International had a return on equity of 18.41% and a net margin of 7.19%. Enova International’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 EPS. On average, equities research analysts predict that Enova International will post 8.04 EPS for the current fiscal year.

Enova International announced that its board has authorized a stock buyback plan on Monday, August 12th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the credit services provider to repurchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

ENVA has been the subject of several recent research reports. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. JMP Securities increased their price objective on Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 23rd. BTIG Research increased their price objective on Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Janney Montgomery Scott cut Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. Finally, TD Cowen raised their target price on Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.33.

Insider Activity at Enova International

In related news, CFO Steven E. Cunningham sold 29,158 shares of Enova International stock in a transaction on Friday, October 25th. The shares were sold at an average price of $89.53, for a total value of $2,610,515.74. Following the completion of the sale, the chief financial officer now owns 130,355 shares of the company’s stock, valued at approximately $11,670,683.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Enova International news, CFO Steven E. Cunningham sold 29,158 shares of Enova International stock in a transaction on Friday, October 25th. The shares were sold at an average price of $89.53, for a total transaction of $2,610,515.74. Following the transaction, the chief financial officer now directly owns 130,355 shares of the company’s stock, valued at $11,670,683.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Fisher sold 10,000 shares of Enova International stock in a transaction on Monday, August 19th. The stock was sold at an average price of $83.46, for a total transaction of $834,600.00. Following the transaction, the chief executive officer now directly owns 423,239 shares in the company, valued at $35,323,526.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,074 shares of company stock valued at $6,546,277. 7.80% of the stock is owned by company insiders.

Institutional Trading of Enova International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in Enova International by 27.6% during the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after acquiring an additional 185 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in Enova International by 1.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock worth $1,694,000 after purchasing an additional 200 shares during the period. J.Safra Asset Management Corp increased its position in Enova International by 25.1% during the 2nd quarter. J.Safra Asset Management Corp now owns 1,163 shares of the credit services provider’s stock worth $72,000 after purchasing an additional 233 shares during the period. Lazard Asset Management LLC increased its position in Enova International by 21.1% during the 1st quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock worth $228,000 after purchasing an additional 636 shares during the period. Finally, USA Financial Formulas acquired a new position in Enova International during the 3rd quarter worth approximately $76,000. 89.43% of the stock is owned by hedge funds and other institutional investors.

About Enova International

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.