Enova International (NYSE:ENVA) Stock Price Crosses Below 50-Day Moving Average – Should You Sell?

Enova International, Inc. (NYSE:ENVA)’s stock price 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 changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Stephens assumed coverage on shares of Enova International in a report on Wednesday, November 13th. They issued an “overweight” rating and a $108.00 price objective for the company. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. TD Cowen increased their price objective on Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. BTIG Research boosted 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. Finally, JMP Securities upped their target price on shares of Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.14.

Enova International Trading Down 1.1 %

The firm has a market capitalization of $2.51 billion, a P/E ratio of 15.29 and a beta of 1.46. The company has a current ratio of 15.82, a quick ratio of 15.82 and a debt-to-equity ratio of 2.79. The stock has a 50 day simple moving average of $98.83 and a 200-day simple moving average of $84.61.

Enova International (NYSE:ENVA) last announced its earnings results 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. Enova International had a net margin of 7.19% and a return on equity of 18.41%. The company had revenue of $689.92 million during the quarter, compared to analyst estimates of $666.33 million. During the same period in the previous year, the business posted $1.33 earnings per share. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year. On average, equities research analysts forecast that Enova International, Inc. will post 7.99 EPS for the current fiscal year.

Insider Transactions at Enova International

In other Enova International news, CAO James Joseph Lee sold 615 shares of Enova International stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $89.59, for a total transaction of $55,097.85. Following the transaction, the chief accounting officer now owns 20,646 shares of the company’s stock, valued at $1,849,675.14. The trade was a 2.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven E. Cunningham sold 29,158 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 130,355 shares of the company’s stock, valued at approximately $11,670,683.15. The trade was a 18.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,843 shares of company stock worth $8,552,679 in the last three months. Corporate insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Enova International by 1.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock worth $1,694,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Enova International by 24.6% in the third quarter. GAMMA Investing LLC now owns 1,065 shares of the credit services provider’s stock worth $89,000 after acquiring an additional 210 shares during the period. USA Financial Formulas purchased a new stake in shares of Enova International during the third quarter worth about $76,000. Quantbot Technologies LP raised its stake in 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 purchasing an additional 1,311 shares during the period. Finally, Foundry Partners LLC lifted its holdings in Enova International by 1.1% in the 3rd quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock worth $10,286,000 after purchasing an additional 1,328 shares in the last quarter. 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.