Enova International (NYSE:ENVA) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Enova International, Inc. (NYSE:ENVA)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $133.33 and traded as high as $164.93. Enova International shares last traded at $164.67, with a volume of 58,640 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ENVA shares. Citizens Jmp upped their target price on Enova International from $149.00 to $180.00 and gave the stock a “market outperform” rating in a research report on Friday, December 12th. BTIG Research upped their target price on shares of Enova International from $144.00 to $199.00 and gave the company a “buy” rating in a research note on Friday, December 12th. JMP Securities lifted their price target on shares of Enova International from $135.00 to $149.00 and gave the stock a “market outperform” rating in a research note on Friday, October 24th. Wall Street Zen downgraded Enova International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, Zacks Research cut Enova International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Enova International presently has a consensus rating of “Buy” and a consensus price target of $136.50.

Enova International Trading Up 0.9%

The firm has a market cap of $4.08 billion, a P/E ratio of 15.14 and a beta of 1.31. The business’s 50-day moving average is $133.33 and its two-hundred day moving average is $118.98. The company has a current ratio of 19.29, a quick ratio of 19.29 and a debt-to-equity ratio of 3.20.

Enova International (NYSE:ENVA) last issued its earnings results on Thursday, October 23rd. The credit services provider reported $3.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 was up 16.3% on a year-over-year basis. During the same quarter last year, the company posted $2.45 earnings per share. As a group, analysts expect that Enova International, Inc. will post 10.31 earnings per share for the current fiscal year.

Enova International declared that its Board of Directors has approved a share buyback program on Wednesday, November 12th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the credit services provider to repurchase up to 12.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, CFO Steven E. Cunningham sold 14,874 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were 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 owned 127,719 shares of the company’s stock, valued at approximately $15,415,683.30. The trade was a 10.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David Fisher sold 15,000 shares of the company’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 transaction, the chief executive officer owned 348,223 shares of the company’s stock, valued at $55,799,253.52. This represents a 4.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 41,874 shares of company stock worth $5,680,052 over the last quarter. 8.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Enova International

A number of institutional investors have recently added to or reduced their stakes in ENVA. Loomis Sayles & Co. L P acquired a new stake in shares of Enova International during the 2nd quarter valued at $11,152,000. CSM Advisors LLC acquired a new position in Enova International in the second quarter worth approximately $5,974,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Enova International by 238.8% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 68,600 shares of the credit services provider’s stock valued at $7,650,000 after purchasing an additional 48,350 shares during the last quarter. CX Institutional raised its holdings in Enova International by 151.5% during the second quarter. CX Institutional now owns 67,538 shares of the credit services provider’s stock valued at $7,532,000 after buying an additional 40,681 shares in the last quarter. Finally, Amundi acquired a new stake in shares of Enova International in the first quarter worth about $1,886,000. 89.43% of the stock is currently owned by institutional investors and hedge funds.

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.