Enova International, Inc. (NYSE:ENVA) Short Interest Update

Enova International, Inc. (NYSE:ENVA) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,760,000 shares, a growth of 8.6% from the October 31st total of 1,620,000 shares. Based on an average trading volume of 199,000 shares, the short-interest ratio is presently 8.8 days. Approximately 7.1% of the shares of the company are sold short.

Enova International Trading Up 0.1 %

ENVA stock traded up $0.09 during trading on Wednesday, hitting $105.74. The company had a trading volume of 37,144 shares, compared to its average volume of 229,007. The firm has a market capitalization of $2.77 billion, a P/E ratio of 16.85 and a beta of 1.46. The company has a quick ratio of 15.82, a current ratio of 15.82 and a debt-to-equity ratio of 2.79. Enova International has a 52-week low of $43.21 and a 52-week high of $108.15. The company has a 50 day simple moving average of $92.60 and a 200-day simple moving average of $78.95.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.14. Enova International had a return on equity of 18.41% and a net margin of 7.19%. The business had revenue of $689.92 million for the quarter, compared to the consensus estimate of $666.33 million. During the same quarter in the prior year, the company earned $1.33 EPS. The business’s revenue was up 25.1% compared to the same quarter last year. As a group, research analysts forecast that Enova International will post 8.04 earnings per share for the current fiscal year.

Enova International announced that its board has approved a stock buyback plan on Monday, August 12th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the credit services provider to purchase up to 12.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Enova International

In other Enova International news, CFO Steven E. Cunningham sold 29,158 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $89.53, for a total value of $2,610,515.74. Following the completion of the sale, the chief financial officer now owns 130,355 shares in the company, valued at $11,670,683.15. This represents a 18.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO David Fisher sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $105.47, for a total value of $1,054,700.00. Following the transaction, the chief executive officer now owns 389,925 shares of the company’s stock, valued at approximately $41,125,389.75. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,843 shares of company stock worth $7,496,779. Company insiders own 7.80% of the company’s stock.

Institutional Trading of Enova International

A number of institutional investors have recently modified their holdings of ENVA. GAMMA Investing LLC grew its stake in shares of Enova International by 27.6% during the second quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock worth $53,000 after acquiring an additional 185 shares during the last quarter. J.Safra Asset Management Corp grew its holdings in Enova International by 25.1% during the second quarter. J.Safra Asset Management Corp now owns 1,163 shares of the credit services provider’s stock worth $72,000 after acquiring an additional 233 shares during the period. Summit Global Investments increased its holdings in Enova International by 7.5% in the second quarter. Summit Global Investments now owns 25,464 shares of the credit services provider’s stock valued at $1,585,000 after buying an additional 1,785 shares in the last quarter. Smith Shellnut Wilson LLC ADV purchased a new position in Enova International during the second quarter worth approximately $235,000. Finally, SG Americas Securities LLC acquired a new stake in Enova International in the third quarter valued at approximately $772,000. 89.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ENVA has been the topic of several recent analyst reports. JMP Securities raised their price objective on shares of Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 23rd. Stephens started coverage on shares of Enova International in a report on Wednesday, November 13th. They set an “overweight” rating and a $108.00 price objective for the company. Janney Montgomery Scott downgraded shares of Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. TD Cowen boosted their target price on Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Finally, BTIG Research increased their target price on Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Enova International has an average rating of “Moderate Buy” and an average price target of $91.14.

About Enova International

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.