Enova International (NYSE:ENVA) Shares Pass Above 50 Day Moving Average – Here’s Why

Enova International, Inc. (NYSE:ENVA)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $104.32 and traded as high as $112.20. Enova International shares last traded at $110.92, with a volume of 190,678 shares.

Analyst Upgrades and Downgrades

ENVA has been the topic of a number of recent research reports. BTIG Research raised their target price on Enova International from $122.00 to $129.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. TD Cowen raised their price target on Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Maxim Group raised their price target on Enova International from $108.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, February 6th. JMP Securities raised their price target on Enova International from $125.00 to $135.00 and gave the company a “market outperform” rating in a report on Wednesday, February 5th. Finally, StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.14.

Enova International Stock Up 0.0 %

The company has a quick ratio of 15.82, a current ratio of 9.52 and a debt-to-equity ratio of 2.98. The company has a fifty day moving average price of $104.52 and a 200-day moving average price of $93.72. The stock has a market capitalization of $2.90 billion, a P/E ratio of 14.90 and a beta of 1.50.

Enova International (NYSE:ENVA) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.08. Enova International had a return on equity of 19.94% and a net margin of 7.88%. As a group, research analysts forecast that Enova International, Inc. will post 9.77 EPS for the current fiscal year.

Insider Transactions at Enova International

In related news, CEO David Fisher sold 10,000 shares of Enova International stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $105.47, for a total value of $1,054,700.00. Following the completion of the transaction, the chief executive officer now owns 389,925 shares in the company, valued at approximately $41,125,389.75. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO James Joseph Lee sold 455 shares of Enova International stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $116.59, for a total value of $53,048.45. Following the completion of the transaction, the chief accounting officer now owns 21,688 shares of the company’s stock, valued at approximately $2,528,603.92. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,188 shares of company stock valued at $5,161,543. 7.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its position in Enova International by 672.9% in the fourth 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 in the last quarter. Sterling Capital Management LLC boosted its position in shares of Enova International by 823.0% during the fourth 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 during the period. Tieton Capital Management LLC boosted its position in shares of Enova International by 0.7% during the fourth quarter. Tieton Capital Management LLC now owns 132,760 shares of the credit services provider’s stock valued at $12,729,000 after buying an additional 900 shares during the period. MetLife Investment Management LLC boosted its position in shares of Enova International by 7.8% during the fourth quarter. MetLife Investment Management LLC now owns 15,470 shares of the credit services provider’s stock valued at $1,483,000 after buying an additional 1,120 shares during the period. Finally, Quantbot Technologies LP boosted its position in shares of Enova International by 10.2% during the third quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider’s stock valued at $1,188,000 after buying an additional 1,311 shares during the period. Hedge funds and other institutional investors own 89.43% of the company’s stock.

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.