Enova International (NYSE:ENVA) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Shares of Enova International, Inc. (NYSE:ENVA) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $114.46 and traded as low as $110.45. Enova International shares last traded at $110.52, with a volume of 227,920 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enova International in a report on Saturday, September 27th. Zacks Research downgraded shares of Enova International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $111.00.

Enova International Trading Down 2.4%

The firm has a market capitalization of $2.76 billion, a PE ratio of 11.73 and a beta of 1.49. The company has a quick ratio of 18.15, a current ratio of 18.15 and a debt-to-equity ratio of 3.23. The company’s 50-day simple moving average is $114.46 and its 200 day simple moving average is $104.75.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Thursday, July 24th. The credit services provider reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.23. The firm had revenue of $764.04 million for the quarter, compared to the consensus estimate of $756.69 million. Enova International had a net margin of 8.75% and a return on equity of 23.33%. The company’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.21 EPS. As a group, sell-side analysts expect that Enova International, Inc. will post 10.31 EPS for the current year.

Insider Transactions at Enova International

In related news, CFO Steven E. Cunningham sold 26,310 shares of the business’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $105.72, for a total transaction of $2,781,493.20. Following the transaction, the chief financial officer directly owned 131,157 shares in the company, valued at $13,865,918.04. The trade was a 16.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO James Joseph Lee sold 478 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $105.61, for a total value of $50,481.58. Following the completion of the sale, the chief accounting officer owned 19,751 shares of the company’s stock, valued at approximately $2,085,903.11. This trade represents a 2.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,788 shares of company stock valued at $11,585,915. Corporate insiders own 8.40% of the company’s stock.

Institutional Trading of Enova International

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in shares of Enova International by 56.5% during the first quarter. GAMMA Investing LLC now owns 1,729 shares of the credit services provider’s stock worth $167,000 after buying an additional 624 shares during the period. SG Americas Securities LLC purchased a new position in Enova International in the 1st quarter worth $824,000. Rowlandmiller & PARTNERS.ADV lifted its position in Enova International by 1.3% during the 1st quarter. Rowlandmiller & PARTNERS.ADV now owns 22,062 shares of the credit services provider’s stock worth $2,130,000 after acquiring an additional 290 shares during the period. Yorktown Management & Research Co Inc purchased a new stake in Enova International during the 1st quarter valued at about $217,000. Finally, J.Safra Asset Management Corp increased its holdings in shares of Enova International by 6.5% in the first quarter. J.Safra Asset Management Corp now owns 3,784 shares of the credit services provider’s stock valued at $365,000 after purchasing an additional 232 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, 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.