Enova International (NYSE:ENVA) Shares Cross Above Fifty Day Moving Average - What's Next?

Key Points

• Enova International's share price has surpassed its 50-day moving average of $107.42, reaching a high of $107.77 during trading.
• Analyst reports show a consensus Buy rating for Enova International, with one firm upgrading the stock to a "strong-buy" and a price target of $111.00.
• In their latest earnings report, Enova International announced an earnings per share of $3.23, exceeding expectations and reflecting a year-over-year revenue increase of 21.6%.

Enova International, Inc. (NYSE:ENVA - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $107.42 and traded as high as $107.77. Enova International shares last traded at $107.49, with a volume of 218,683 shares trading hands.

Analyst Ratings Changes

Several analysts have issued reports on the company. JMP Securities restated a "market outperform" rating and set a $135.00 price objective on shares of Enova International in a research note on Wednesday, April 30th. Seaport Res Ptn raised Enova International to a "strong-buy" rating in a report on Wednesday, May 14th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $111.00.

Enova International Price Performance

The firm has a market capitalization of $2.87 billion, a P/E ratio of 12.17 and a beta of 1.48. The business has a fifty day moving average of $108.69 and a 200-day moving average of $100.68. The company has a debt-to-equity ratio of 3.23, a quick ratio of 18.15 and a current ratio of 18.15.

Enova International (NYSE:ENVA - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The credit services provider reported $3.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.00 by $0.23. Enova International had a return on equity of 23.33% and a net margin of 8.75%.The business had revenue of $764.04 million during the quarter, compared to analyst estimates of $756.69 million. During the same period in the prior year, the company posted $2.21 EPS. The business's revenue for the quarter was up 21.6% compared to the same quarter last year. On average, sell-side analysts forecast that Enova International, Inc. will post 10.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Enova International news, CAO James Joseph Lee sold 478 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $105.61, for a total value of $50,481.58. Following the completion of the sale, the chief accounting officer directly owned 19,751 shares in the company, valued at $2,085,903.11. This represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Steven E. Cunningham sold 26,310 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $105.72, for a total value of $2,781,493.20. Following the completion of the sale, the chief financial officer owned 131,157 shares of the company's stock, valued at $13,865,918.04. This trade represents a 16.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,788 shares of company stock valued at $3,604,965 in the last three months. 8.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Enova International

A number of institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Management LLC lifted its position 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 acquiring an additional 1,120 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Enova International by 42.7% in the fourth quarter. BNP Paribas Financial Markets now owns 82,872 shares of the credit services provider's stock valued at $7,946,000 after purchasing an additional 24,806 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Enova International by 32.2% in the fourth 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 in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Enova International by 521.3% in the first quarter. Versant Capital Management Inc now owns 466 shares of the credit services provider's stock valued at $45,000 after purchasing an additional 391 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Enova International by 15,008.8% in the first quarter. GAMMA Investing LLC now owns 166,952 shares of the credit services provider's stock valued at $16,121,000 after purchasing an additional 165,847 shares in the last quarter. 89.43% of the stock is currently owned by institutional investors and hedge funds.

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.