Enova International (NYSE:ENVA) CEO Steven Cunningham Sells 15,305 Shares of Company Stock

Enova International, Inc. (NYSE:ENVA) CEO Steven Cunningham sold 15,305 shares of the business’s stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $172.00, for a total transaction of $2,632,460.00. Following the completion of the transaction, the chief executive officer directly owned 118,789 shares in the company, valued at $20,431,708. This trade represents a 11.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Enova International Price Performance

Shares of NYSE:ENVA opened at $180.97 on Friday. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 12.46 and a beta of 1.28. The firm has a fifty day moving average price of $194.30 and a 200 day moving average price of $183.66. Enova International, Inc. has a fifty-two week low of $118.28 and a fifty-two week high of $267.45. 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 (NYSE:ENVA) last announced its quarterly earnings results on Thursday, October 22nd. The credit services provider reported $4.48 earnings per share (EPS) 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%. Enova International’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.36 EPS. As a group, sell-side analysts expect that Enova International, Inc. will post 16.32 earnings per share for the current fiscal year.

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 the stock. XML Financial LLC lifted its stake in shares of Enova International by 106.1% in the 3rd quarter. XML Financial LLC now owns 2,370 shares of the credit services provider’s stock valued at $396,000 after purchasing an additional 1,220 shares during the last quarter. Aviance Capital Partners LLC increased its position in shares of Enova International by 1.7% during 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 purchasing an additional 211 shares during the last quarter. Vise Technologies Inc. increased its position in shares of Enova International by 9.7% during 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 during the last quarter. State of Wyoming purchased a new stake in Enova International during the 3rd quarter valued at $69,000. Finally, BOKF NA raised its holdings in Enova International by 7.5% during the 3rd quarter. BOKF NA now owns 5,854 shares of the credit services provider’s stock valued at $978,000 after buying an additional 409 shares during the period. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ENVA shares. Jefferies Financial Group cut their price objective on Enova International from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enova International in a research report on Thursday, October 15th. Stephens increased their price target 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 increased their price target on Enova International from $220.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Finally, Citigroup restated a “market outperform” rating on shares of Enova International in a report on Friday, October 23rd. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $239.00.

Enova International News Summary

Here are the key news stories impacting Enova International this week:

• Positive Sentiment: An analyst upgrade helped support Enova’s shares on October 27. The move suggests improved expectations for the company’s earnings or valuation, despite differing views among analysts. Enova International Shares Up 4.8% Following Analyst Upgrade
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Enova investors. The announcement does not establish wrongdoing, but it could weigh on sentiment by increasing legal and reputational uncertainty. Pomerantz Investor Alert
• Negative Sentiment: Several executives reported sizable stock sales. Chairman David Fisher sold 23,157 shares across October 27–28, CEO Steven Cunningham sold 15,305 shares, and insider Kirk Chartier sold 27,977 shares. The transactions reduced their respective holdings by approximately 3.15% to 26.65% and may be viewed as a near-term confidence signal, although insider sales can also reflect diversification or personal financial planning. SEC insider-trading filing
• Negative Sentiment: Maxim Group lowered its expectations for Enova’s stock price, counterbalancing the separate analyst upgrade and indicating that some analysts see less upside ahead. Maxim Group Lowers Enova Expectations

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.