Enova International Inc (ENVA) Director Sells $501,750.00 in Stock

Enova International Inc (NYSE:ENVA) Director James A. Gray sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $20.07, for a total transaction of $501,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Enova International Inc (NYSE ENVA) traded up $0.45 on Monday, reaching $20.85. 490,200 shares of the company’s stock were exchanged, compared to its average volume of 390,803. The company has a current ratio of 9.31, a quick ratio of 8.14 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $697.74, a PE ratio of 24.24 and a beta of 3.33. Enova International Inc has a 52-week low of $11.15 and a 52-week high of $21.30.

Enova International (NYSE:ENVA) last released its earnings results on Thursday, February 1st. The credit services provider reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. The firm had revenue of $243.69 million for the quarter, compared to analysts’ expectations of $230.97 million. Enova International had a net margin of 3.47% and a return on equity of 14.11%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share. sell-side analysts expect that Enova International Inc will post 1.75 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp boosted its stake in Enova International by 11.1% in the second quarter. State Street Corp now owns 640,940 shares of the credit services provider’s stock valued at $9,516,000 after acquiring an additional 63,865 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Enova International by 20.6% in the third quarter. Bank of New York Mellon Corp now owns 494,130 shares of the credit services provider’s stock valued at $6,646,000 after purchasing an additional 84,514 shares during the period. Ameriprise Financial Inc. raised its position in shares of Enova International by 11.7% in the third quarter. Ameriprise Financial Inc. now owns 484,120 shares of the credit services provider’s stock valued at $6,511,000 after purchasing an additional 50,818 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Enova International by 108.3% in the second quarter. TIAA CREF Investment Management LLC now owns 389,302 shares of the credit services provider’s stock valued at $5,781,000 after purchasing an additional 202,404 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Enova International by 5.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 148,570 shares of the credit services provider’s stock valued at $1,998,000 after purchasing an additional 7,140 shares during the period. Hedge funds and other institutional investors own 97.14% of the company’s stock.

Several research analysts recently weighed in on ENVA shares. Maxim Group restated a “buy” rating and set a $18.00 price target on shares of Enova International in a report on Monday, October 30th. BidaskClub upgraded shares of Enova International from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. ValuEngine cut shares of Enova International from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 21st. Zacks Investment Research upgraded shares of Enova International from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Tuesday, December 12th. Finally, Stephens restated a “buy” rating and set a $22.00 price target on shares of Enova International in a report on Thursday, January 4th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $22.40.

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About Enova International

Enova International, Inc is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington DC in the United States.

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