Enova International (NYSE:ENVA) Stock Crosses Below 200 Day Moving Average - Here's What Happened

Enova International, Inc. (NYSE:ENVA - Get Free Report)'s stock price crossed 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 Ratings Changes

Several research firms have weighed in on ENVA. Maxim Group lifted their price target on shares of Enova International from $108.00 to $138.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. JMP Securities increased their price target on Enova International from $125.00 to $135.00 and gave the company a "market outperform" rating in a research report on Wednesday, February 5th. Stephens lifted their target price on shares of Enova International from $115.00 to $136.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. Finally, BTIG Research lifted their target price on Enova International from $122.00 to $129.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.14.

Enova International Price Performance

The firm has a market capitalization of $2.51 billion, a PE ratio of 13.09 and a beta of 1.43. The business's 50 day moving average is $104.22 and its two-hundred day moving average is $96.69. The company has a debt-to-equity ratio of 2.98, a quick ratio of 15.82 and a current ratio of 9.52.

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Enova International (NYSE:ENVA - Get Free Report) last released its quarterly earnings data 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 net margin of 7.88% and a return on equity of 19.94%. Equities research analysts anticipate that Enova International, Inc. will post 10.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, 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 transaction of $53,048.45. Following the transaction, the chief accounting officer now owns 21,688 shares of the company's stock, valued at approximately $2,528,603.92. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven E. Cunningham sold 25,733 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were 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 directly owns 155,855 shares in the company, valued at $18,157,107.50. This trade represents a 14.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.80% of the company's stock.

Hedge Funds Weigh In On Enova International

A number of large investors have recently bought and sold shares of ENVA. Farther Finance Advisors LLC grew its holdings in Enova International by 672.9% in the 4th quarter. Farther Finance Advisors LLC now owns 371 shares of the credit services provider's stock worth $36,000 after acquiring an additional 323 shares during the last quarter. Sterling Capital Management LLC increased its position in Enova International by 823.0% during the 4th quarter. Sterling Capital Management LLC now owns 803 shares of the credit services provider's stock valued at $77,000 after buying an additional 716 shares in the last quarter. Longboard Asset Management LP bought a new position in shares of Enova International during the fourth quarter valued at $202,000. Crossmark Global Holdings Inc. purchased a new position in Enova International in the fourth quarter worth about $206,000. Finally, Cibc World Markets Corp purchased a new position in Enova International in the 4th quarter worth approximately $229,000. 89.43% of the stock is owned by hedge funds and other 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.