Enova International, Inc. (NYSE:ENVA) Short Interest Up 8.6% in November

Enova International, Inc. (NYSE:ENVA) saw a significant growth in short interest in 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. Currently, 7.1% of the shares of the company are short sold. Based on an average daily trading volume, of 199,000 shares, the short-interest ratio is currently 8.8 days.

Enova International Trading Up 0.1 %

NYSE:ENVA traded up $0.09 on Wednesday, hitting $105.74. The stock had a trading volume of 46,214 shares, compared to its average volume of 229,022. The company has a quick ratio of 15.82, a current ratio of 15.82 and a debt-to-equity ratio of 2.79. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 16.85 and a beta of 1.46. The company has a fifty day moving average price of $92.60 and a two-hundred day moving average price of $78.95. Enova International has a 1-year low of $43.21 and a 1-year high of $108.15.

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

Enova International announced that its board has initiated a share repurchase plan on Monday, August 12th that authorizes the company to repurchase $300.00 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 plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Enova International

In other Enova International news, Director Gregg A. Kaplan sold 7,657 shares of Enova International stock in a transaction on Friday, October 25th. The shares were sold at an average price of $87.51, for a total value of $670,064.07. Following the completion of the transaction, the director now owns 41,109 shares of the company’s stock, valued at approximately $3,597,448.59. The trade was a 15.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kirk Chartier sold 17,644 shares of Enova International stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $86.80, for a total transaction of $1,531,499.20. Following the completion of the sale, the insider now owns 117,422 shares in the company, valued at approximately $10,192,229.60. This trade represents a 13.06 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,843 shares of company stock valued at $7,496,779. Corporate insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Enova International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Smith Shellnut Wilson LLC ADV purchased a new position in Enova International in the second quarter valued at $235,000. BNP Paribas Financial Markets boosted its stake in shares of Enova International by 28.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock valued at $4,865,000 after buying an additional 12,928 shares during the period. SG Americas Securities LLC purchased a new position in shares of Enova International in the 3rd quarter valued at about $772,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Enova International by 1.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock valued at $1,694,000 after buying an additional 200 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Enova International by 27.6% in the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after buying an additional 185 shares during the period. 89.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ENVA. BTIG Research lifted their target price on shares of Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. TD Cowen boosted their price target on shares of Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. JMP Securities boosted their price target on shares of Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 23rd. Finally, Janney Montgomery Scott lowered shares of Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. Three equities research 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.14.

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.