Enova International (NYSE:ENVA) Stock Price Crosses Below 50-Day Moving Average - Here's What Happened

Key Points

• Enova International's stock price has fallen below its **50-day moving average** of $114.46, trading at around **$110.52** with a volume of **227,920 shares** on the recent trading day.
• The company reported a **21.6% year-over-year increase** in revenue, with earnings per share (EPS) of **$3.23**, exceeding the consensus estimate by **$0.23** during its last quarterly earnings report.
• Analysts have mixed ratings on Enova International, with a consensus rating of **"Buy"** and an average price target of **$111.00**, while Weiss Ratings recently maintained a **"buy"** rating but Zacks downgraded it to **"hold."**

Enova International, Inc. (NYSE:ENVA - Get Free Report) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $114.46 and traded as low as $110.45. Enova International shares last traded at $110.52, with a volume of 227,920 shares changing hands.

Analyst Upgrades and Downgrades

ENVA has been the topic of a number of research analyst reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of Enova International in a research report on Saturday, September 27th. Zacks Research cut Enova International from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Enova International has a consensus rating of "Buy" and an average price target of $111.00.

Enova International Stock Down 2.4%

The company has a quick ratio of 18.15, a current ratio of 18.15 and a debt-to-equity ratio of 3.23. The company has a 50 day simple moving average of $114.46 and a two-hundred day simple moving average of $104.75. The company has a market capitalization of $2.76 billion, a P/E ratio of 11.73 and a beta of 1.49.

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

Insider Buying and Selling

In other Enova International news, CFO Steven E. Cunningham sold 26,310 shares of the business'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 transaction of $2,781,493.20. Following the completion of the transaction, the chief financial officer owned 131,157 shares in the company, valued at $13,865,918.04. The trade was a 16.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David Fisher sold 35,000 shares of the company's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $125.55, for a total value of $4,394,250.00. Following the completion of the transaction, the chief executive officer directly owned 348,223 shares in the company, valued at $43,719,397.65. This trade represents a 9.13% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,788 shares of company stock valued at $11,585,915. Company insiders own 8.40% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its holdings in Enova International by 350.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider's stock valued at $50,000 after buying an additional 350 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Enova International during the first quarter worth approximately $56,000. MTM Investment Management LLC bought a new stake in shares of Enova International during the second quarter valued at approximately $102,000. GAMMA Investing LLC boosted its holdings in shares of Enova International by 56.5% in the first quarter. GAMMA Investing LLC now owns 1,729 shares of the credit services provider's stock valued at $167,000 after purchasing an additional 624 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in Enova International in the second quarter worth approximately $210,000. 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.

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