Enova International (NYSE:ENVA) Shares Pass Below 50 Day Moving Average - What's Next?

Enova International, Inc. (NYSE:ENVA - Get Free Report) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $98.83 and traded as low as $95.52. Enova International shares last traded at $95.88, with a volume of 224,564 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently commented on ENVA shares. BTIG Research raised their target price on Enova International from $90.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. StockNews.com raised shares of Enova International from a "hold" rating to a "buy" rating in a report on Monday, October 21st. Stephens began coverage on shares of Enova International in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $108.00 target price on the stock. TD Cowen increased their price target on shares of Enova International from $85.00 to $96.00 and gave the stock a "hold" rating in a research report on Wednesday, October 23rd. Finally, JMP Securities lifted their price objective on Enova International from $103.00 to $109.00 and gave the company a "market outperform" rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $91.14.

Enova International Stock Down 1.1 %

The company has a market cap of $2.51 billion, a P/E ratio of 15.29 and a beta of 1.46. The company has a debt-to-equity ratio of 2.79, a current ratio of 15.82 and a quick ratio of 15.82. The business's 50 day moving average price is $98.98 and its 200-day moving average price is $84.68.

Enova International (NYSE:ENVA - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.14. The firm had revenue of $689.92 million during the quarter, compared to the consensus estimate of $666.33 million. Enova International had a return on equity of 18.41% and a net margin of 7.19%. The business's revenue for the quarter was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS. On average, analysts anticipate that Enova International, Inc. will post 7.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Enova International news, CFO Steven E. Cunningham sold 29,158 shares of the company's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.53, for a total transaction of $2,610,515.74. Following the transaction, the chief financial officer now owns 130,355 shares of the company's stock, valued at approximately $11,670,683.15. This represents a 18.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregg A. Kaplan sold 7,657 shares of Enova International stock in a transaction on Friday, October 25th. The shares were sold at an average price of $87.51, for a total value of $670,064.07. Following the completion of the sale, the director now directly owns 41,109 shares of the company's stock, valued at $3,597,448.59. This trade represents a 15.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 90,843 shares of company stock worth $8,552,679 in the last 90 days. Corporate insiders own 7.80% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ENVA. Foundry Partners LLC grew its position in shares of Enova International by 1.1% during the 3rd quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider's stock worth $10,286,000 after buying an additional 1,328 shares during the period. BNP Paribas Financial Markets boosted its stake in Enova International by 28.6% in the third quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider's stock valued at $4,865,000 after acquiring an additional 12,928 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Enova International by 1.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider's stock worth $1,694,000 after acquiring an additional 200 shares during the period. Quantbot Technologies LP raised its position in shares of Enova International by 10.2% during the 3rd quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider's stock valued at $1,188,000 after acquiring an additional 1,311 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Enova International during the 3rd quarter valued at $772,000. 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.