Enova International (NYSE:ENVA) Stock Price Down 3.8%

Enova International, Inc. (NYSE:ENVA)’s stock price dropped 3.8% during trading on Tuesday . The company traded as low as $80.79 and last traded at $80.79. Approximately 29,247 shares traded hands during trading, a decline of 88% from the average daily volume of 238,248 shares. The stock had previously closed at $83.95.

Analyst Ratings Changes

Several research analysts recently weighed in on ENVA shares. BTIG Research began coverage on shares of Enova International in a research report on Wednesday, August 14th. They issued a “buy” rating and a $90.00 price objective for the company. JMP Securities boosted their target price on Enova International from $78.00 to $93.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 24th. Janney Montgomery Scott cut Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. Finally, TD Cowen raised their price objective on shares of Enova International from $70.00 to $76.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.00.

Enova International Stock Performance

The company has a quick ratio of 12.07, a current ratio of 12.07 and a debt-to-equity ratio of 2.78. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 15.10 and a beta of 1.43. The stock’s fifty day moving average is $80.05 and its 200-day moving average is $67.94.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, July 23rd. The credit services provider reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.14. The business had revenue of $628.44 million during the quarter, compared to analysts’ expectations of $622.92 million. Enova International had a net margin of 7.52% and a return on equity of 16.53%. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 EPS. On average, analysts forecast that Enova International, Inc. will post 7.84 EPS for the current year.

Enova International announced that its board has initiated a share repurchase program on Monday, August 12th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the credit services provider to repurchase up to 12.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Insider Activity at Enova International

In related news, CFO Steven E. Cunningham sold 23,867 shares of Enova International stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $81.54, for a total value of $1,946,115.18. Following the sale, the chief financial officer now owns 133,471 shares of the company’s stock, valued at approximately $10,883,225.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, General Counsel Sean Rahilly sold 10,158 shares of Enova International stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $81.36, for a total value of $826,454.88. Following the sale, the general counsel now owns 101,949 shares of the company’s stock, valued at $8,294,570.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steven E. Cunningham sold 23,867 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $81.54, for a total value of $1,946,115.18. Following the sale, the chief financial officer now owns 133,471 shares in the company, valued at approximately $10,883,225.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,725 shares of company stock valued at $4,690,053. 7.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Orchard Capital Management LLC grew its stake in shares of Enova International by 30.0% in the fourth quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider’s stock valued at $12,862,000 after buying an additional 53,647 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Enova International by 172.5% in the 1st quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock valued at $3,253,000 after acquiring an additional 32,779 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Enova International in the 4th quarter valued at about $957,000. Foundry Partners LLC increased its stake in shares of Enova International by 11.3% during the 1st quarter. Foundry Partners LLC now owns 153,427 shares of the credit services provider’s stock worth $9,640,000 after purchasing an additional 15,519 shares during the last quarter. Finally, Smith Shellnut Wilson LLC ADV bought a new stake in shares of Enova International in the 2nd quarter valued at about $235,000. Institutional investors and hedge funds own 89.43% of the company’s stock.

Enova International Company Profile

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.