Enova International (NYSE:ENVA) Stock Price Down 7.4% – Should You Sell?

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

Wall Street Analyst Weigh In

ENVA has been the subject of a number of analyst reports. Stephens upped their price objective on shares of Enova International from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enova International in a report on Friday, July 17th. Jefferies Financial Group boosted their target price on shares of Enova International from $260.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. TD Cowen increased their price target on shares of Enova International from $250.00 to $257.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Maxim Group raised their price target on shares of Enova International from $191.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $247.83.

Enova International Trading Up 2.5%

The firm has a market capitalization of $6.06 billion, a PE ratio of 18.03 and a beta of 1.22. 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 business has a fifty day moving average price of $236.77 and a two-hundred day moving average price of $182.92.

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

Insider Buying and Selling at Enova International

In other news, Director William M. Goodyear sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $188.02, for a total value of $658,070.00. Following the transaction, the director directly owned 50,820 shares in the company, valued at approximately $9,555,176.40. This represents a 6.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark Tebbe sold 20,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $201.37, for a total transaction of $4,027,400.00. Following the transaction, the director directly owned 50,029 shares of the company’s stock, 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 62,543 shares of company stock worth $12,242,070 over the last three months. Insiders own 8.40% of the company’s stock.

Institutional Trading of Enova International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ENVA. McIlrath & Eck LLC acquired a new position in Enova International during the first quarter worth $34,000. Farther Finance Advisors LLC grew its stake in shares of Enova International by 26.9% in the fourth quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock valued at $47,000 after buying an additional 64 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Enova International by 58.5% in the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock valued at $56,000 after buying an additional 152 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Enova International by 350.0% in the second quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock valued at $50,000 after buying an additional 350 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Enova International by 1,503.3% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider’s stock valued at $65,000 after buying an additional 451 shares during the period. Hedge funds and other institutional investors own 89.43% of the company’s stock.

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.