Enova International (NYSE:ENVA) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Enova International, Inc. (NYSE:ENVA)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $98.83 and traded as low as $95.52. Enova International shares last traded at $95.88, with a volume of 224,564 shares traded.

Analysts Set New Price Targets

Several brokerages recently weighed in on ENVA. BTIG Research increased their price objective on shares of Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a 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 on the stock. TD Cowen increased their target price on shares of Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. JMP Securities raised their price objective on Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a report on Wednesday, October 23rd. Finally, StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.14.

Enova International Price Performance

The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 15.33 and a beta of 1.46. The company has a fifty day simple moving average of $98.98 and a two-hundred day simple moving average of $84.68. 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 (NYSE:ENVA) last announced its quarterly earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.14. Enova International had a net margin of 7.19% and a return on equity of 18.41%. The company had revenue of $689.92 million for the quarter, compared to analyst estimates of $666.33 million. During the same period in the previous year, the firm posted $1.33 EPS. The firm’s revenue was up 25.1% on a year-over-year basis. As a group, equities research analysts expect that Enova International, Inc. will post 7.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Steven E. Cunningham sold 29,158 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kirk Chartier sold 17,644 shares of Enova International stock in a transaction on 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 directly owns 117,422 shares of the company’s stock, valued at approximately $10,192,229.60. The trade was a 13.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,843 shares of company stock valued at $8,552,679 in the last three months. Insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ENVA. USA Financial Formulas purchased a new position in shares of Enova International in the 3rd quarter worth approximately $76,000. GAMMA Investing LLC boosted its position in Enova International by 24.6% in the third quarter. GAMMA Investing LLC now owns 1,065 shares of the credit services provider’s stock worth $89,000 after purchasing an additional 210 shares during the last quarter. F M Investments LLC bought a new position in Enova International in the 3rd quarter valued at $242,000. SG Americas Securities LLC purchased a new stake in shares of Enova International during the 3rd quarter valued at $772,000. Finally, Quantbot Technologies LP raised its stake in shares of 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 purchasing an additional 1,311 shares during the period. Institutional investors 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.