Enova International, Inc. (NYSE:ENVA) Short Interest Down 9.3% in March

Enova International, Inc. (NYSE:ENVA) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 1,170,000 shares, a decline of 9.3% from the March 15th total of 1,290,000 shares. Currently, 4.4% of the company’s shares are short sold. Based on an average daily volume of 265,100 shares, the days-to-cover ratio is currently 4.4 days.

Insiders Place Their Bets

In other news, CFO Steven E. Cunningham sold 17,548 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $56.11, for a total transaction of $984,618.28. Following the completion of the sale, the chief financial officer now owns 150,025 shares in the company, valued at $8,417,902.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Steven E. Cunningham sold 17,548 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $56.11, for a total transaction of $984,618.28. Following the completion of the sale, the chief financial officer now owns 150,025 shares in the company, valued at $8,417,902.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Sean Rahilly sold 6,043 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $60.00, for a total value of $362,580.00. Following the sale, the general counsel now owns 101,949 shares of the company’s stock, valued at approximately $6,116,940. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,938 shares of company stock worth $1,799,557. 7.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Enova International

A number of hedge funds have recently modified their holdings of ENVA. Orchard Capital Management LLC boosted its stake in shares of Enova International by 30.0% during the 4th quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider’s stock valued at $12,862,000 after purchasing an additional 53,647 shares in the last quarter. Ameriprise Financial Inc. raised its position in Enova International by 13.0% in the 1st quarter. Ameriprise Financial Inc. now owns 179,107 shares of the credit services provider’s stock worth $7,958,000 after buying an additional 20,653 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new position in Enova International during the 3rd quarter valued at about $928,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Enova International during the 4th quarter valued at about $957,000. Finally, Geode Capital Management LLC grew its stake in shares of Enova International by 2.8% in the second quarter. Geode Capital Management LLC now owns 606,338 shares of the credit services provider’s stock worth $32,209,000 after acquiring an additional 16,230 shares during the period. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ENVA shares. JMP Securities upped their target price on shares of Enova International from $62.00 to $73.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 31st. Jefferies Financial Group upped their price target on shares of Enova International from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. TheStreet lowered Enova International from a “b” rating to a “c+” rating in a research note on Tuesday, January 30th. StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a research note on Saturday, March 23rd. Finally, BMO Capital Markets lifted their target price on shares of Enova International from $57.00 to $59.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.00.

Enova International Trading Up 0.6 %

NYSE:ENVA traded up $0.38 during trading hours on Wednesday, reaching $58.99. The company’s stock had a trading volume of 215,725 shares, compared to its average volume of 259,227. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 10.70 and a beta of 1.55. The firm has a 50-day simple moving average of $60.86 and a 200-day simple moving average of $53.16. Enova International has a 1 year low of $35.30 and a 1 year high of $64.51. The company has a debt-to-equity ratio of 2.37, a quick ratio of 10.27 and a current ratio of 10.27.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. Enova International had a net margin of 8.27% and a return on equity of 15.84%. The firm had revenue of $583.59 million for the quarter, compared to analysts’ expectations of $587.34 million. Research analysts expect that Enova International will post 7.39 EPS for the current fiscal year.

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.