Enova International (NYSE:ENVA) Insider Kirk Chartier Sells 27,977 Shares of Company Stock

Enova International, Inc. (NYSE:ENVA) insider Kirk Chartier sold 27,977 shares of Enova International stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $171.51, for a total transaction of $4,798,335.27. Following the completion of the sale, the insider owned 76,995 shares of the company’s stock, valued at $13,205,412.45. This trade represents a 26.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Enova International Stock Performance

Shares of NYSE ENVA opened at $180.97 on Friday. 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 firm has a market cap of $4.43 billion, a price-to-earnings ratio of 12.46 and a beta of 1.28. The business’s 50-day simple moving average is $194.30 and its 200-day simple moving average is $183.66. Enova International, Inc. has a 52 week low of $118.28 and a 52 week high of $267.45.

Enova International (NYSE:ENVA) last posted its earnings results on Thursday, October 22nd. The credit services provider reported $4.48 earnings per share for the quarter, topping the consensus estimate of $4.42 by $0.06. The firm 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%. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.36 EPS. As a group, equities research analysts expect that Enova International, Inc. will post 16.32 earnings per share for the current fiscal year.

Institutional Trading of Enova International

Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new position in Enova International during the second quarter worth about $38,453,000. Tieton Capital Management LLC bought a new stake in shares of Enova International in the 2nd quarter valued at approximately $26,577,000. Alyeska Investment Group L.P. bought a new stake in shares of Enova International in the 2nd quarter valued at approximately $25,749,000. Amundi grew its stake in shares of Enova International by 66.6% in the 2nd quarter. Amundi now owns 207,684 shares of the credit services provider’s stock valued at $49,996,000 after purchasing an additional 83,002 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Enova International by 133.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 72,385 shares of the credit services provider’s stock valued at $12,096,000 after purchasing an additional 41,378 shares during the period. 89.43% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Enova International

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

Analysts Set New Price Targets

ENVA has been the subject of several recent analyst reports. Stephens upped their price objective on shares of Enova International from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Wall Street Zen lowered shares of Enova International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 22nd. Maxim Group cut their target price on shares of Enova International from $285.00 to $220.00 and set a “buy” rating for the company in a research report on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a report on Thursday, October 15th. Finally, Jefferies Financial Group decreased their price target on shares of Enova International from $300.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $239.00.

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.