James Joseph Lee Sells 615 Shares of Enova International, Inc. (NYSE:ENVA) Stock

Enova International, Inc. (NYSE:ENVA) CAO James Joseph Lee sold 615 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $89.59, for a total transaction of $55,097.85. Following the completion of the transaction, the chief accounting officer now owns 20,646 shares of the company’s stock, valued at $1,849,675.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Enova International Stock Performance

NYSE:ENVA opened at $88.24 on Thursday. Enova International, Inc. has a 1-year low of $38.89 and a 1-year high of $96.01. The company has a debt-to-equity ratio of 2.78, a current ratio of 12.07 and a quick ratio of 12.07. The business has a 50 day moving average of $83.46 and a 200 day moving average of $72.28. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 15.87 and a beta of 1.43.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14. Enova International had a net margin of 7.19% and a return on equity of 18.41%. The company had revenue of $689.92 million during the quarter, compared to analysts’ expectations of $666.33 million. During the same quarter in the prior year, the company earned $1.33 EPS. The firm’s revenue was up 25.1% on a year-over-year basis. On average, sell-side analysts predict that Enova International, Inc. will post 7.74 earnings per share for the current fiscal year.

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

Hedge Funds Weigh In On Enova International

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in Enova International by 27.6% in the second quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after purchasing an additional 185 shares during the last quarter. J.Safra Asset Management Corp increased its stake in shares of Enova International by 83.8% in the first quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock worth $58,000 after buying an additional 424 shares during the period. USA Financial Formulas bought a new stake in Enova International during the 3rd quarter valued at $76,000. SG Americas Securities LLC purchased a new stake in Enova International during the 1st quarter valued at $223,000. Finally, Lazard Asset Management LLC grew its holdings in Enova International by 21.1% in the 1st quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock worth $228,000 after acquiring an additional 636 shares during the last quarter. 89.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on ENVA. TD Cowen raised their price target on shares of Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. JMP Securities boosted 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 raised their target price on shares of Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Janney Montgomery Scott cut shares of Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.33.

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.