Insider Selling: Enova International (NYSE:ENVA) Director Sells $4,027,400.00 in Stock

Enova International, Inc. (NYSE:ENVA) Director Mark Tebbe sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $201.37, for a total transaction of $4,027,400.00. Following the transaction, the director directly owned 50,029 shares of the company’s stock, valued at $10,074,339.73. The trade was a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Enova International Price Performance

Shares of NYSE:ENVA opened at $221.59 on Friday. The firm’s 50 day moving average is $173.89 and its two-hundred day moving average is $158.58. The firm has a market capitalization of $5.51 billion, a P/E ratio of 17.94 and a beta of 1.28. The company has a current ratio of 20.42, a quick ratio of 20.42 and a debt-to-equity ratio of 3.45. Enova International, Inc. has a 52 week low of $99.61 and a 52 week high of $224.95.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Thursday, April 23rd. The credit services provider reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $0.21. Enova International had a return on equity of 25.89% and a net margin of 9.95%.The business had revenue of $875.14 million during the quarter, compared to the consensus estimate of $854.52 million. During the same period in the previous year, the firm posted $2.98 earnings per share. The business’s revenue was up 17.4% on a year-over-year basis. Analysts anticipate that Enova International, Inc. will post 15.37 earnings per share for the current year.

Institutional Trading of Enova International

Hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. lifted its holdings in shares of Enova International by 58.5% in the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock valued at $56,000 after buying an additional 152 shares during the period. Parallel Advisors LLC grew its holdings in Enova International by 1,503.3% during the first quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider’s stock worth $65,000 after acquiring an additional 451 shares during the period. McIlrath & Eck LLC bought a new stake in Enova International in the first quarter worth about $34,000. California State Teachers Retirement System raised its position in Enova International by 26.7% in the first quarter. California State Teachers Retirement System now owns 29,411 shares of the credit services provider’s stock worth $3,995,000 after acquiring an additional 6,205 shares in the last quarter. Finally, Hillsdale Investment Management Inc. lifted its holdings in Enova International by 3.9% in the 1st quarter. Hillsdale Investment Management Inc. now owns 62,211 shares of the credit services provider’s stock valued at $8,450,000 after acquiring an additional 2,351 shares during the last quarter. Institutional investors own 89.43% of the company’s stock.

Wall Street Analysts Forecast Growth

ENVA has been the topic of a number of research analyst reports. TD Cowen raised their price target on Enova International from $165.00 to $190.00 and gave the company a “buy” rating in a report on Friday, April 24th. Citizens Jmp upped their price objective on shares of Enova International from $182.00 to $195.00 and gave the stock a “market outperform” rating in a report on Friday, April 24th. Citigroup reiterated an “outperform” rating on shares of Enova International in a research report on Friday, April 24th. Stephens raised their target price on shares of Enova International from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Enova International currently has an average rating of “Buy” and an average target price of $198.80.

About Enova International

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.