Enova International, Inc. (NYSE: ENVA – Get a rating) shares fell below its 200-day moving average during Friday’s session. The stock has a 200-day moving average of $35.27 and is trading as low as $33.87. Shares of Enova International last traded at $34.24, with volume traded at 146,221 shares.
A Wall Street analyst gives his opinion
Separately, JMP Securities lowered its price target on Enova International from $54.00 to $42.00 and set a “market outperformance” rating on the stock in a Friday, July 15 report.
Enova international stock down 1.1%
The company has a current ratio of 13.45, a quick ratio of 14.64 and a debt ratio of 1.66. The company has a market capitalization of $1.10 billion, a price-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: ENVA – Get a rating) last released its quarterly results on Thursday, July 28. The credit services provider reported earnings per share of $1.64 for the quarter, beating analyst 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 company posted revenue of $407.90 million for the quarter, versus a consensus estimate of $405.15 million. In the same quarter a year earlier, the company posted earnings per share of $2.16. Enova International’s revenue for the quarter increased 54.1% compared to the same quarter last year. As a group, sell-side analysts expect Enova International, Inc. to post EPS of 6.05 for the current year.
Institutional entries and exits
A number of institutional investors and hedge funds have recently changed their holdings in the company. Orchard Capital Management LLC increased its holdings of Enova International shares by 3.1% in the first quarter. Orchard Capital Managment LLC now owns 331,175 shares of the credit service provider valued at $12,575,000 after buying an additional 10,100 shares last quarter. Denali Advisors LLC increased its stake in Enova International by 4.1% in the second quarter. Denali Advisors LLC now owns 75,553 shares of the credit service provider valued at $2,177,000 after buying 3,000 additional shares last quarter. The New York State Common Retirement Fund increased its stake in Enova International by 10.0% in the first quarter. The New York State Common Retirement Fund now owns 69,421 shares of the credit service provider valued at $2,636,000 after purchasing an additional 6,326 shares in the last quarter. Assetmark Inc. increased its stake in Enova International by 8.4% in the second quarter. Assetmark Inc. now owns 55,694 shares of the credit services provider valued at $1,605,000 after buying 4,337 additional shares last quarter. Finally, Comerica Bank increased its stake in Enova International by 51.7% in the first quarter. Comerica Bank now owns 49,316 shares of the credit service provider valued at $1,937,000 after buying an additional 16,805 shares last quarter. Hedge funds and other institutional investors hold 91.90% of the company’s shares.
About Enova International
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; debt purchase agreements; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and banking programs, such as marketing services and loan servicing for prime unsecured consumer installment loans.
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