Enova International (NYSE:ENVA) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Enova International, Inc. (NYSE:ENVA)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $138.46 and traded as low as $133.17. Enova International shares last traded at $137.0470, with a volume of 158,145 shares changing hands.

Analyst Ratings Changes

Several research firms have commented on ENVA. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enova International in a report on Thursday, January 22nd. TD Cowen reiterated a “buy” rating on shares of Enova International in a research note on Thursday, January 8th. Citigroup reissued an “outperform” rating on shares of Enova International in a research note on Wednesday, January 28th. BTIG Research reissued a “buy” rating and set a $199.00 price objective on shares of Enova International in a research note on Wednesday, January 28th. Finally, Citizens Jmp increased their target price on shares of Enova International from $180.00 to $182.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $188.00.

Enova International Trading Up 0.1%

The business has a 50 day moving average price of $145.02 and a 200-day moving average price of $138.58. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 11.83 and a beta of 1.20. The company has a quick ratio of 9.48, a current ratio of 9.48 and a debt-to-equity ratio of 3.37.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Tuesday, January 27th. The credit services provider reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.17 by $0.29. Enova International had a net margin of 9.78% and a return on equity of 25.31%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $838.59 million. During the same period in the prior year, the firm earned $2.61 earnings per share. The business’s quarterly revenue was up 15.0% on a year-over-year basis. As a group, research analysts expect that Enova International, Inc. will post 10.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director James A. Gray sold 19,999 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $172.04, for a total value of $3,440,627.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Sean Rahilly sold 12,879 shares of Enova International stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $164.28, for a total transaction of $2,115,762.12. Following the transaction, the general counsel owned 100,877 shares in the company, valued at approximately $16,572,073.56. The trade was a 11.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 119,019 shares of company stock worth $19,748,101 in the last quarter. Corporate insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. acquired a new position in Enova International during the third quarter valued at $28,000. Bessemer Group Inc. boosted its position in Enova International by 174.2% during the 3rd quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 162 shares during the period. FNY Investment Advisers LLC purchased a new position in Enova International during the 4th quarter valued at about $31,000. Strs Ohio purchased a new position in Enova International during the 3rd quarter valued at about $35,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Enova International by 26.9% in the 4th quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock valued at $47,000 after purchasing an additional 64 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 (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.