Enova International (NYSE:ENVA) Share Price Passes Below 50 Day Moving Average – What’s Next?

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.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ENVA shares. TD Cowen increased their price objective on Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Stephens started coverage on Enova International in a research note on Wednesday, November 13th. They set an “overweight” rating and a $108.00 price target for the company. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. JMP Securities increased their target price 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, BTIG Research upped their price target 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.14.

Enova International Trading Up 0.3 %

The company has a debt-to-equity ratio of 2.79, a current ratio of 15.82 and a quick ratio of 15.82. The stock has a market cap of $2.52 billion, a PE ratio of 15.33 and a beta of 1.46. The stock has a 50-day moving average price of $98.98 and a two-hundred day moving average price of $84.68.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14. Enova International had a return on equity of 18.41% and a net margin of 7.19%. The business had revenue of $689.92 million for the quarter, compared to the consensus estimate of $666.33 million. During the same period in the prior year, the business posted $1.33 earnings per share. The company’s quarterly revenue was up 25.1% compared to the same quarter last year. Sell-side analysts forecast that Enova International, Inc. will post 7.99 earnings per share for the current fiscal year.

Insider Activity at Enova International

In other news, CFO Steven E. Cunningham sold 29,158 shares of the business’s 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 completion of the sale, the chief financial officer now directly owns 130,355 shares of the company’s stock, valued at approximately $11,670,683.15. The trade was a 18.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 sale, the insider now owns 117,422 shares of the company’s stock, valued at $10,192,229.60. The trade was a 13.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,843 shares of company stock worth $8,552,679. Insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENVA. SG Americas Securities LLC bought a new stake in Enova International during the 3rd quarter valued at $772,000. GAMMA Investing LLC lifted its stake in shares of Enova International by 24.6% during the 3rd 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. USA Financial Formulas bought a new stake in Enova International during the third quarter valued at about $76,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Enova International by 1.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock valued at $1,694,000 after purchasing an additional 200 shares during the last quarter. Finally, F M Investments LLC purchased a new position in Enova International in the third quarter valued at about $242,000. 89.43% of the stock is currently owned by institutional investors.

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.