Enova International (NYSE:ENVA) Stock Price Passes Below 200 Day Moving Average - Here's Why

Enova International, Inc. (NYSE:ENVA - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $98.91 and traded as low as $95.37. Enova International shares last traded at $97.71, with a volume of 239,782 shares traded.

Analyst Upgrades and Downgrades

ENVA has been the subject of several research analyst reports. Seaport Res Ptn upgraded shares of Enova International to a "strong-buy" rating in a research report on Wednesday, May 14th. JMP Securities reiterated a "market outperform" rating and issued a $135.00 price objective on shares of Enova International in a report on Wednesday, April 30th. Finally, TD Cowen upgraded shares of Enova International from a "hold" rating to a "buy" rating and set a $17.00 price objective for the company in a report on Tuesday, April 1st. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $111.00.

Enova International Stock Performance

The company has a market cap of $2.48 billion, a price-to-earnings ratio of 11.51 and a beta of 1.45. The company has a current ratio of 18.55, a quick ratio of 18.55 and a debt-to-equity ratio of 3.14. The stock's fifty day simple moving average is $94.48 and its 200 day simple moving average is $98.91.

Enova International (NYSE:ENVA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $2.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.77 by $0.21. The business had revenue of $745.54 million during the quarter, compared to the consensus estimate of $734.14 million. Enova International had a net margin of 8.38% and a return on equity of 21.79%. The business's revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.91 EPS. As a group, analysts anticipate that Enova International, Inc. will post 10.31 earnings per share for the current year.

Insider Transactions at Enova International

In other news, General Counsel Sean Rahilly sold 9,046 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $95.05, for a total transaction of $859,822.30. Following the completion of the sale, the general counsel now owns 103,842 shares in the company, valued at $9,870,182.10. This trade represents a 8.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Fisher sold 2,000 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $98.65, for a total transaction of $197,300.00. Following the transaction, the chief executive officer now directly owns 348,223 shares of the company's stock, valued at $34,352,198.95. The trade was a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,046 shares of company stock worth $1,565,872 in the last 90 days. Insiders own 8.40% of the company's stock.

Hedge Funds Weigh In On Enova International

Hedge funds have recently made changes to their positions in the stock. Financial Management Professionals Inc. purchased a new position in shares of Enova International during the 1st quarter worth approximately $28,000. Farther Finance Advisors LLC boosted its position in shares of Enova International by 672.9% during the 4th quarter. Farther Finance Advisors LLC now owns 371 shares of the credit services provider's stock worth $36,000 after purchasing an additional 323 shares during the period. Versant Capital Management Inc boosted its position in shares of Enova International by 521.3% during the 1st quarter. Versant Capital Management Inc now owns 466 shares of the credit services provider's stock worth $45,000 after purchasing an additional 391 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Enova International during the 1st quarter worth approximately $56,000. Finally, Sterling Capital Management LLC boosted its position in shares of Enova International by 823.0% during the 4th quarter. Sterling Capital Management LLC now owns 803 shares of the credit services provider's stock worth $77,000 after purchasing an additional 716 shares during the period. Hedge funds and other 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.

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