Enova International (NYSE:ENVA) Trading Down 7.4% – Here’s Why

Enova International, Inc. (NYSE:ENVA) shares were down 7.4% on Thursday . The stock traded as low as $233.57 and last traded at $235.6020. 308,927 shares traded hands during trading, a decline of 0% from the average daily volume of 309,602 shares. The stock had previously closed at $254.38.

Wall Street Analyst Weigh In

ENVA has been the topic of several recent analyst reports. Stephens boosted their price objective on shares of Enova International from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. TD Cowen lifted their target price on Enova International from $250.00 to $257.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Jefferies Financial Group increased their price target on Enova International from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Maxim Group increased their price objective on shares of Enova International from $191.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Zacks Research raised Enova International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $247.83.

Enova International Stock Performance

The company has a 50-day moving average of $234.73 and a 200-day moving average of $181.99. The company has a current ratio of 18.42, a quick ratio of 18.42 and a debt-to-equity ratio of 3.35. The firm has a market capitalization of $5.98 billion, a P/E ratio of 17.80 and a beta of 1.22.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.99 by $0.32. The company had revenue of $928.93 million for the quarter, compared to the consensus estimate of $909.61 million. Enova International had a return on equity of 26.66% and a net margin of 10.31%.The firm’s revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.23 EPS. On average, equities analysts anticipate that Enova International, Inc. will post 16.3 earnings per share for the current fiscal year.

Insider Activity

In other Enova International news, Director William M. Goodyear sold 3,500 shares of Enova International stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $188.02, for a total transaction of $658,070.00. Following the transaction, the director directly owned 50,820 shares of the company’s stock, valued at $9,555,176.40. The trade was a 6.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Tebbe sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $201.37, for a total value of $4,027,400.00. Following the completion of the transaction, the director owned 50,029 shares in the company, valued at $10,074,339.73. The trade was a 28.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 65,619 shares of company stock worth $12,729,462 over the last quarter. 8.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Enova International

Several large investors have recently modified their holdings of ENVA. Susquehanna Fundamental Investments LLC bought a new position in Enova International during the second quarter worth about $265,000. Alyeska Investment Group L.P. bought a new stake in shares of Enova International during the 2nd quarter valued at about $25,749,000. Cookson Peirce & Co. Inc. grew its stake in Enova International by 11.5% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 12,313 shares of the credit services provider’s stock worth $2,964,000 after buying an additional 1,269 shares in the last quarter. Wedbush Securities Inc. bought a new position in Enova International in the second quarter valued at $220,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Enova International by 2.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 49,020 shares of the credit services provider’s stock valued at $11,801,000 after purchasing an additional 1,316 shares during the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Enova International Company Profile

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.