Insider Selling: Enova International (NYSE:ENVA) Chairman Sells $1,510,715.13 in Stock

Enova International, Inc. (NYSE:ENVA) Chairman David Fisher sold 9,573 shares of the business’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $157.81, for a total transaction of $1,510,715.13. Following the sale, the chairman owned 348,223 shares of the company’s stock, valued at approximately $54,953,071.63. The trade was a 2.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, December 16th, David Fisher sold 15,000 shares of Enova International stock. The stock was sold at an average price of $160.24, for a total transaction of $2,403,600.00.
• On Friday, November 21st, David Fisher sold 6,000 shares of Enova International stock. The shares were sold at an average price of $124.25, for a total transaction of $745,500.00.

Enova International Stock Performance

Shares of NYSE ENVA opened at $165.99 on Friday. The company has a quick ratio of 19.29, a current ratio of 9.48 and a debt-to-equity ratio of 3.37. The firm’s 50-day moving average price is $153.53 and its two-hundred day moving average price is $128.71. Enova International, Inc. has a 52-week low of $79.41 and a 52-week high of $168.68. The stock has a market capitalization of $4.67 billion, a P/E ratio of 14.33 and a beta of 1.27.

Enova International (NYSE:ENVA) last posted its earnings results on Tuesday, January 27th. The credit services provider reported $3.46 EPS for the quarter, beating the consensus estimate of $3.17 by $0.29. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $838.59 million. Enova International had a return on equity of 25.31% and a net margin of 9.78%.The business’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.61 earnings per share. As a group, sell-side analysts forecast that Enova International, Inc. will post 10.31 earnings per share for the current year.

Enova International announced that its Board of Directors has authorized a stock buyback program on Wednesday, November 12th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the credit services provider to repurchase up to 12.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Enova International

A number of institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. acquired a new position in shares of Enova International during the 3rd quarter valued at $28,000. Bessemer Group Inc. boosted its stake in Enova International by 174.2% during the third quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider’s stock valued at $30,000 after buying an additional 162 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Enova International during the fourth quarter worth about $31,000. Strs Ohio acquired a new position in Enova International during the third quarter worth about $35,000. Finally, Farther Finance Advisors LLC raised its position in Enova International by 26.9% in the fourth quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock worth $47,000 after acquiring an additional 64 shares in the last quarter. 89.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on ENVA. TD Cowen restated a “buy” rating on shares of Enova International in a research report on Thursday, January 8th. Maxim Group set a $191.00 target price on shares of Enova International in a research report on Thursday. BTIG Research reaffirmed a “buy” rating and set a $199.00 price target on shares of Enova International in a report on Wednesday. JMP Securities increased their price objective on Enova International from $135.00 to $149.00 and gave the stock a “market outperform” rating in a report on Friday, October 24th. Finally, Wall Street Zen cut Enova International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $172.83.

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.