Insider Selling: Enova International (NYSE:ENVA) CEO Sells $2,403,600.00 in Stock

Enova International, Inc. (NYSE:ENVA) CEO David Fisher sold 15,000 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $160.24, for a total transaction of $2,403,600.00. Following the transaction, the chief executive officer directly owned 348,223 shares in the company, valued at $55,799,253.52. The trade was a 4.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

David Fisher also recently made the following trade(s):

• On Friday, November 21st, David Fisher sold 6,000 shares of Enova International stock. The stock was sold at an average price of $124.25, for a total value of $745,500.00.
• On Monday, October 27th, David Fisher sold 6,000 shares of Enova International stock. The shares were sold at an average price of $122.61, for a total value of $735,660.00.
• On Friday, September 19th, David Fisher sold 6,000 shares of Enova International stock. The shares were sold at an average price of $125.89, for a total value of $755,340.00.

Enova International Stock Performance

Enova International stock opened at $163.66 on Friday. The company has a debt-to-equity ratio of 3.20, a current ratio of 19.29 and a quick ratio of 19.29. Enova International, Inc. has a 12 month low of $79.41 and a 12 month high of $168.68. The company has a fifty day moving average price of $128.90 and a two-hundred day moving average price of $117.20. The company has a market cap of $4.06 billion, a PE ratio of 15.04 and a beta of 1.31.

Enova International (NYSE:ENVA) last issued its earnings results on Thursday, October 23rd. The credit services provider reported $3.36 earnings per share for the quarter, topping analysts’ consensus estimates of $3.03 by $0.33. Enova International had a net margin of 9.64% and a return on equity of 24.50%. The company had revenue of $460.71 million for the quarter, compared to analysts’ expectations of $806.63 million. During the same period in the prior year, the company earned $2.45 earnings per share. The firm’s revenue was up 16.3% compared to the same quarter last year. Research analysts expect that Enova International, Inc. will post 10.31 earnings per share for the current year.

Enova International declared that its board has approved a stock buyback plan on Wednesday, November 12th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the credit services provider to purchase up to 12.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

ENVA has been the subject of a number of recent research reports. JMP Securities upped their price objective on Enova International from $135.00 to $149.00 and gave the stock a “market outperform” rating in a research note on Friday, October 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a research report on Wednesday, October 8th. BTIG Research increased their price objective on shares of Enova International from $144.00 to $199.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Citizens Jmp lifted their price objective on shares of Enova International from $149.00 to $180.00 and gave the company a “market outperform” rating in a research report on Friday, December 12th. Finally, Citigroup restated an “outperform” rating on shares of Enova International in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $136.50.

Institutional Investors Weigh In On Enova International

Several institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its stake in shares of Enova International by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 24,268 shares of the credit services provider’s stock worth $2,706,000 after acquiring an additional 105 shares during the period. Bessemer Group Inc. raised its holdings in Enova International by 174.2% during the third quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 162 shares in the last quarter. J.Safra Asset Management Corp boosted its stake in Enova International by 3.3% during the 3rd quarter. J.Safra Asset Management Corp now owns 5,503 shares of the credit services provider’s stock valued at $633,000 after purchasing an additional 176 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of Enova International during the 3rd quarter valued at $28,000. Finally, Strs Ohio bought a new stake in shares of Enova International in the 3rd quarter worth $35,000. Institutional investors and hedge funds own 89.43% of the company’s stock.

Enova International Company Profile

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.