Enova International, Inc. (NYSE:ENVA – Get Rating) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $33.32 and traded as high as $35.82. Enova International shares last traded at $34.94, with a volume of 190,806 shares.
Analyst Upgrades and Downgrades
Separately, JMP Securities cut their price objective on shares of Enova International from $54.00 to $42.00 and set a "market outperform" rating on the stock in a report on Friday, July 15th.
Get Enova International alerts:Enova International Trading Down 1.4 %
The firm has a market cap of $1.12 billion, a PE ratio of 6.11 and a beta of 1.44. The company has a quick ratio of 13.45, a current ratio of 13.45 and a debt-to-equity ratio of 1.66. The stock's fifty day simple moving average is $33.32 and its two-hundred day simple moving average is $34.68.
Enova International (NYSE:ENVA – Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The credit services provider reported $1.48 EPS for the quarter, meeting analysts' consensus estimates of $1.48. Enova International had a net margin of 13.88% and a return on equity of 19.31%. The firm had revenue of $407.90 million for the quarter, compared to analysts' expectations of $405.15 million. During the same quarter in the prior year, the company posted $2.16 earnings per share. The business's revenue for the quarter was up 54.1% on a year-over-year basis. On average, sell-side analysts forecast that Enova International, Inc. will post 6.05 EPS for the current fiscal year.Institutional Investors Weigh In On Enova International
A number of institutional investors have recently made changes to their positions in ENVA. Rowland & Co. Investment Counsel ADV bought a new position in Enova International during the fourth quarter valued at approximately $699,000. Denali Advisors LLC lifted its position in Enova International by 10.6% during the first quarter. Denali Advisors LLC now owns 72,553 shares of the credit services provider's stock valued at $2,755,000 after purchasing an additional 6,928 shares during the period. Summit Global Investments lifted its position in Enova International by 130.0% during the fourth quarter. Summit Global Investments now owns 16,100 shares of the credit services provider's stock valued at $659,000 after purchasing an additional 9,100 shares during the period. Assetmark Inc. lifted its position in Enova International by 8.4% during 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 during the period. Finally, Jackson Creek Investment Advisors LLC bought a new position in Enova International in the second quarter worth approximately $913,000. Hedge funds and other institutional investors own 92.43% of the company's stock.
Enova International Company Profile
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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.
Further Reading
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