Enova International (NYSE:ENVA) Shares Cross Below 200 Day Moving Average of $35.27

Enova International, Inc. (NYSE:ENVAGet Rating) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $35.27 and traded as low as $33.87. Enova International shares last traded at $34.24, with a volume of 146,221 shares traded.

Wall Street Analyst Weigh In

Separately, JMP Securities decreased their target price on Enova International from $54.00 to $42.00 and set a “market outperform” rating on the stock in a report on Friday, July 15th.

Enova International Stock Down 1.1 %

The company has a current ratio of 13.45, a quick ratio of 14.64 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 5.99 and a beta of 1.44. The stock has a fifty day moving average of $30.79 and a 200-day moving average of $35.27.

Enova International (NYSE:ENVAGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The credit services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.16. Enova International had a return on equity of 19.31% and a net margin of 13.88%. The business had revenue of $407.90 million for the quarter, compared to the consensus estimate of $405.15 million. During the same quarter in the previous year, the company posted $2.16 earnings per share. Enova International’s revenue for the quarter was up 54.1% compared to the same quarter last year. As a group, sell-side analysts expect that Enova International, Inc. will post 6.05 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Orchard Capital Managment LLC grew its holdings in shares of Enova International by 3.1% during the first quarter. Orchard Capital Managment LLC now owns 331,175 shares of the credit services provider’s stock valued at $12,575,000 after buying an additional 10,100 shares in the last quarter. Denali Advisors LLC grew its stake in Enova International by 4.1% in the second quarter. Denali Advisors LLC now owns 75,553 shares of the credit services provider’s stock valued at $2,177,000 after purchasing an additional 3,000 shares in the last quarter. New York State Common Retirement Fund grew its stake in Enova International by 10.0% in the first quarter. New York State Common Retirement Fund now owns 69,421 shares of the credit services provider’s stock valued at $2,636,000 after purchasing an additional 6,326 shares in the last quarter. Assetmark Inc. grew its stake in Enova International by 8.4% in the second quarter. Assetmark Inc. now owns 55,694 shares of the credit services provider’s stock valued at $1,605,000 after purchasing an additional 4,337 shares in the last quarter. Finally, Comerica Bank grew its stake in Enova International by 51.7% in the first quarter. Comerica Bank now owns 49,316 shares of the credit services provider’s stock valued at $1,937,000 after purchasing an additional 16,805 shares in the last quarter. Hedge funds and other institutional investors own 91.90% of the company’s stock.

About Enova International

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Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, Australia, and Canada. The company offers installment loans; line of credit accounts; receivables purchase agreements; 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.

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