Short Interest in Enova International, Inc. (NYSE:ENVA) Increases By 22.9%

Enova International, Inc. (NYSE:ENVA) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,930,000 shares, an increase of 22.9% from the March 31st total of 1,570,000 shares. Based on an average daily trading volume, of 267,400 shares, the short-interest ratio is currently 7.2 days. Approximately 7.9% of the company’s shares are short sold.

Insider Buying and Selling at Enova International

In other news, CFO Steven E. Cunningham sold 25,733 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $116.50, for a total transaction of $2,997,894.50. Following the completion of the sale, the chief financial officer now owns 155,855 shares of the company’s stock, valued at approximately $18,157,107.50. This represents a 14.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO James Joseph Lee sold 455 shares of Enova International stock in a transaction on Friday, February 7th. The stock was sold at an average price of $116.59, for a total transaction of $53,048.45. Following the completion of the transaction, the chief accounting officer now directly owns 21,688 shares in the company, valued at approximately $2,528,603.92. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,188 shares of company stock worth $3,756,993 over the last three months. Company insiders own 8.40% of the company’s stock.

Institutional Trading of Enova International

Several hedge funds and other institutional investors have recently made changes to their positions in ENVA. J.Safra Asset Management Corp raised its stake in Enova International by 6.5% during the first quarter. J.Safra Asset Management Corp now owns 3,784 shares of the credit services provider’s stock valued at $365,000 after buying an additional 232 shares during the last quarter. Rowlandmiller & PARTNERS.ADV increased its holdings in shares of Enova International by 1.3% during the first quarter. Rowlandmiller & PARTNERS.ADV now owns 22,062 shares of the credit services provider’s stock valued at $2,130,000 after acquiring an additional 290 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Enova International in the 1st quarter worth about $28,000. Farther Finance Advisors LLC boosted its stake in Enova International by 672.9% in the 4th quarter. Farther Finance Advisors LLC now owns 371 shares of the credit services provider’s stock worth $36,000 after purchasing an additional 323 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Enova International by 521.3% during the 1st quarter. Versant Capital Management Inc now owns 466 shares of the credit services provider’s stock valued at $45,000 after purchasing an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Enova International Stock Performance

Shares of ENVA stock opened at $94.81 on Friday. The company’s fifty day moving average price is $94.44 and its 200-day moving average price is $99.23. The stock has a market cap of $2.41 billion, a PE ratio of 12.74 and a beta of 1.43. The company has a current ratio of 9.52, a quick ratio of 15.82 and a debt-to-equity ratio of 2.98. Enova International has a 12 month low of $57.46 and a 12 month high of $117.56.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.77 by $0.21. The business had revenue of $745.54 million for the quarter, compared to analyst estimates of $734.14 million. Enova International had a net margin of 7.88% and a return on equity of 19.94%. During the same quarter in the previous year, the firm posted $1.91 earnings per share. Enova International’s quarterly revenue was up 22.2% on a year-over-year basis. On average, equities analysts expect that Enova International will post 10.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on ENVA shares. Maxim Group raised their target price on Enova International from $108.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. TD Cowen raised Enova International from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Tuesday, April 1st. Stephens upped their target price on Enova International from $115.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. JMP Securities reiterated a “market outperform” rating and issued a $135.00 price target on shares of Enova International in a report on Wednesday. Finally, BTIG Research upped their price objective on shares of Enova International from $122.00 to $129.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Enova International currently has an average rating of “Moderate Buy” and a consensus target price of $111.00.

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.