Enova International (NYSE:ENVA) Shares Pass Below 200-Day Moving Average – Here’s Why

Shares of Enova International, Inc. (NYSE:ENVA) passed 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 Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Stephens upped their price objective on Enova International from $115.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. Maxim Group upped their price objective on Enova International from $108.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. BTIG Research upped their price objective on Enova International from $122.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Finally, JMP Securities upped their target price on Enova International from $125.00 to $135.00 and gave the company a “market outperform” rating in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Enova International has a consensus rating of “Moderate Buy” and a consensus target price of $110.14.

Enova International Stock Performance

The stock has a market cap of $2.48 billion, a P/E ratio of 12.92 and a beta of 1.43. The business has a 50 day moving average price of $104.20 and a 200 day moving average price of $96.51. The company has a quick ratio of 15.82, a current ratio of 9.52 and a debt-to-equity ratio of 2.98.

Enova International (NYSE:ENVA) last released its earnings results on Tuesday, February 4th. The credit services provider reported $2.37 EPS 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%. As a group, sell-side analysts expect that Enova International, Inc. will post 10.31 EPS for the current year.

Insider Buying and Selling

In related news, CFO Steven E. Cunningham sold 25,733 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $116.50, for a total value of $2,997,894.50. Following the transaction, the chief financial officer now owns 155,855 shares of the company’s stock, valued at $18,157,107.50. This represents a 14.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO James Joseph Lee sold 455 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $116.59, for a total value of $53,048.45. Following the sale, the chief accounting officer now directly owns 21,688 shares in the company, valued at $2,528,603.92. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. 7.80% of the stock is owned by insiders.

Institutional Trading of Enova International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tieton Capital Management LLC boosted its position in Enova International by 0.7% during the 4th quarter. Tieton Capital Management LLC now owns 132,760 shares of the credit services provider’s stock valued at $12,729,000 after acquiring an additional 900 shares in the last quarter. Foundry Partners LLC boosted its position in Enova International by 1.1% during the 3rd quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock valued at $10,286,000 after acquiring an additional 1,328 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Enova International by 42.7% during the 4th quarter. BNP Paribas Financial Markets now owns 82,872 shares of the credit services provider’s stock valued at $7,946,000 after acquiring an additional 24,806 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Enova International by 32.2% during the 4th quarter. Lazard Asset Management LLC now owns 28,934 shares of the credit services provider’s stock valued at $2,773,000 after purchasing an additional 7,043 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of Enova International by 7.8% during the 4th quarter. MetLife Investment Management LLC now owns 15,470 shares of the credit services provider’s stock valued at $1,483,000 after purchasing an additional 1,120 shares during the last quarter. 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.