Enova International (NYSE:ENVA) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Enova International, Inc. (NYSE:ENVA) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $145.91 and traded as high as $162.43. Enova International shares last traded at $155.0850, with a volume of 412,826 shares traded.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ENVA. JMP Securities boosted their price objective on Enova International from $135.00 to $149.00 and gave the stock a “market outperform” rating in a research report on Friday, October 24th. BTIG Research lifted their target price on Enova International from $144.00 to $199.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Cowen reiterated a “buy” rating on shares of Enova International in a research report on Thursday, January 8th. Zacks Research lowered Enova International from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. Finally, Citigroup restated an “outperform” rating on shares of Enova International in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $163.67.

Enova International Stock Performance

The company has a fifty day moving average price of $146.55 and a two-hundred day moving average price of $125.76. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 14.40 and a beta of 1.27. The company has a debt-to-equity ratio of 3.20, a current ratio of 19.29 and a quick ratio of 19.29.

Enova International (NYSE:ENVA) last issued its quarterly earnings results on Thursday, October 23rd. The credit services provider reported $3.36 EPS for the quarter, topping the consensus estimate of $3.03 by $0.33. The firm had revenue of $460.71 million for the quarter, compared to analysts’ expectations of $806.63 million. Enova International had a net margin of 9.64% and a return on equity of 24.50%. Enova International’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.45 earnings per share. As a group, equities research analysts expect that Enova International, Inc. will post 10.31 EPS for the current year.

Enova International announced that its Board of Directors has approved a share repurchase plan on Wednesday, November 12th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the credit services provider to reacquire up to 12.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Enova International news, CEO David Fisher sold 15,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $160.24, for a total transaction of $2,403,600.00. Following the sale, the chief executive officer owned 348,223 shares in the company, valued at approximately $55,799,253.52. The trade was a 4.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven E. Cunningham sold 14,874 shares of Enova International stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $120.70, for a total transaction of $1,795,291.80. Following the completion of the transaction, the chief financial officer directly owned 127,719 shares in the company, valued at approximately $15,415,683.30. This trade represents a 10.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 41,874 shares of company stock worth $5,680,052 over the last 90 days. Insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ENVA. SG Americas Securities LLC grew its holdings in shares of Enova International by 2,933.1% during the 4th quarter. SG Americas Securities LLC now owns 138,975 shares of the credit services provider’s stock valued at $21,847,000 after acquiring an additional 134,393 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in Enova International in the second quarter valued at about $11,152,000. CSM Advisors LLC acquired a new position in Enova International in the 2nd quarter worth about $5,974,000. CX Institutional increased its position in Enova International by 151.5% in the 2nd quarter. CX Institutional now owns 67,538 shares of the credit services provider’s stock worth $7,532,000 after purchasing an additional 40,681 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Enova International during the 2nd quarter worth about $2,169,000. 89.43% of the stock is owned by hedge funds and other institutional investors.

About Enova International

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.