Enova International (NYSE:ENVA) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Enova International, Inc. (NYSE:ENVA)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $96.51 and traded as low as $92.01. Enova International shares last traded at $96.13, with a volume of 183,224 shares trading hands.

Analyst Ratings Changes

ENVA has been the topic of a number of research analyst reports. BTIG Research increased their price target 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. Maxim Group increased their target price on Enova International from $108.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Stephens raised their price target on Enova International from $115.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. Finally, JMP Securities upped their price objective on Enova International from $125.00 to $135.00 and gave the stock a “market outperform” rating in a report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.14.

Enova International Price Performance

The firm has a fifty day moving average of $104.18 and a two-hundred day moving average of $96.51. The company has a current ratio of 9.52, a quick ratio of 15.82 and a debt-to-equity ratio of 2.98. The company has a market capitalization of $2.51 billion, a PE ratio of 13.09 and a beta of 1.43.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.08. Enova International had a return on equity of 19.94% and a net margin of 7.88%. Research analysts anticipate that Enova International, Inc. will post 10.31 EPS for the current fiscal year.

Insider Transactions at Enova International

In other Enova International news, CFO Steven E. Cunningham sold 25,733 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $116.50, for a total transaction of $2,997,894.50. Following the transaction, the chief financial officer now directly owns 155,855 shares of the company’s stock, valued at approximately $18,157,107.50. The trade was a 14.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO James Joseph Lee sold 455 shares of the company’s 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 owns 21,688 shares of the company’s stock, valued at $2,528,603.92. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Enova International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in Enova International by 672.9% in the fourth 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 during the period. Sterling Capital Management LLC boosted its holdings in shares of Enova International by 823.0% during the 4th quarter. Sterling Capital Management LLC now owns 803 shares of the credit services provider’s stock valued at $77,000 after buying an additional 716 shares in the last quarter. Tieton Capital Management LLC grew its position in shares of Enova International by 0.7% in the 4th quarter. Tieton Capital Management LLC now owns 132,760 shares of the credit services provider’s stock worth $12,729,000 after buying an additional 900 shares during the period. MetLife Investment Management LLC increased its stake in shares of Enova International by 7.8% in the 4th quarter. MetLife Investment Management LLC now owns 15,470 shares of the credit services provider’s stock worth $1,483,000 after acquiring an additional 1,120 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position 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 valued at $1,188,000 after acquiring an additional 1,311 shares during the period. Hedge funds and other institutional investors own 89.43% of the company’s stock.

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.