Enova International (NYSE:ENVA) Shares Cross Below 200-Day Moving Average - What's Next?

Enova International, Inc. (NYSE:ENVA - Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $99.67 and traded as low as $91.79. Enova International shares last traded at $92.63, with a volume of 203,119 shares.

Wall Street Analysts Forecast Growth

ENVA has been the subject of a number of recent research 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 research note on Wednesday, February 5th. Stephens raised their price target on Enova International from $115.00 to $136.00 and gave the stock an "overweight" rating in a 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 note on Thursday, February 6th. Seaport Res Ptn upgraded Enova International to a "strong-buy" rating in a research note on Wednesday, May 14th. Finally, JMP Securities reissued a "market outperform" rating and issued a $135.00 target price on shares of Enova International in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $111.00.

Enova International Stock Up 0.3%

The firm has a market capitalization of $2.36 billion, a PE ratio of 12.49 and a beta of 1.43. 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 firm has a 50-day moving average of $94.06 and a two-hundred day moving average of $99.64.

Enova International (NYSE:ENVA - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.21. Enova International had a net margin of 7.88% and a return on equity of 19.94%. The company had revenue of $745.54 million during the quarter, compared to the consensus estimate of $734.14 million. During the same period in the previous year, the firm earned $1.91 earnings per share. Enova International's revenue for the quarter was up 22.2% on a year-over-year basis. On average, equities research analysts forecast that Enova International, Inc. will post 10.31 EPS for the current year.

Insider Transactions at Enova International

In related news, CEO David Fisher sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $101.75, for a total transaction of $508,750.00. Following the transaction, the chief executive officer now owns 348,223 shares in the company, valued at $35,431,690.25. This trade represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Sean Rahilly sold 9,046 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $95.05, for a total value of $859,822.30. Following the completion of the sale, the general counsel now directly owns 103,842 shares in the company, valued at $9,870,182.10. This represents a 8.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,046 shares of company stock worth $1,565,872. 8.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Enova International by 15,008.8% in the 1st quarter. GAMMA Investing LLC now owns 166,952 shares of the credit services provider's stock valued at $16,121,000 after acquiring an additional 165,847 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Enova International by 2.1% in the 1st quarter. Baird Financial Group Inc. now owns 154,674 shares of the credit services provider's stock worth $14,935,000 after purchasing an additional 3,162 shares in the last quarter. Tieton Capital Management LLC lifted its stake in Enova International by 0.7% during the fourth quarter. Tieton Capital Management LLC now owns 132,760 shares of the credit services provider's stock valued at $12,729,000 after purchasing an additional 900 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Enova International by 42.7% during the fourth quarter. BNP Paribas Financial Markets now owns 82,872 shares of the credit services provider's stock worth $7,946,000 after buying an additional 24,806 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Enova International by 34.7% during the first quarter. Russell Investments Group Ltd. now owns 63,724 shares of the credit services provider's stock worth $6,153,000 after buying an additional 16,422 shares in 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.