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

Enova International, Inc. (NYSE:ENVA) was the target of a significant growth in short interest during 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. Currently, 7.1% of the company’s stock are sold short. Based on an average trading volume of 199,000 shares, the days-to-cover ratio is presently 8.8 days.

Enova International Price Performance

Shares of NYSE ENVA traded up $0.34 during mid-day trading on Wednesday, hitting $105.99. 62,960 shares of the stock were exchanged, compared to its average volume of 229,065. The company has a market cap of $2.78 billion, a P/E ratio of 16.85 and a beta of 1.46. The stock’s fifty day simple moving average is $92.60 and its two-hundred day simple moving average is $78.95. The company has a debt-to-equity ratio of 2.79, a quick ratio of 15.82 and a current ratio of 15.82. Enova International has a twelve month low of $43.21 and a twelve month high of $108.15.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.14. The company had revenue of $689.92 million during 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%. The company’s revenue was up 25.1% on a year-over-year basis. During the same quarter last year, the business posted $1.33 earnings per share. As a group, analysts forecast that Enova International will post 8.04 EPS for the current fiscal year.

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

Analysts Set New Price Targets

ENVA has been the subject of several research reports. JMP Securities increased their target price on shares of Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 23rd. TD Cowen increased their target price on shares of Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. BTIG Research increased their target price on shares of Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Stephens began coverage on shares of Enova International in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $108.00 target price for the company. Finally, StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.14.

Insider Transactions at Enova International

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

Institutional Trading of Enova International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in Enova International by 27.6% during the 2nd 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 period. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Enova International by 1.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock worth $1,694,000 after acquiring an additional 200 shares during the period. J.Safra Asset Management Corp grew its holdings in Enova International by 25.1% during the 2nd 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. USA Financial Formulas acquired a new stake in Enova International during the 3rd quarter worth $76,000. Finally, Quantbot Technologies LP grew its holdings in Enova International by 10.2% during the 3rd quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider’s stock worth $1,188,000 after acquiring an additional 1,311 shares during the period. 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.