Enova International (NYSE:ENVA) Stock Price Down 6.4% – Here’s Why

Enova International, Inc. (NYSE:ENVA) traded down 6.4% on Friday. The company traded as low as $166.90 and last traded at $165.4210. Approximately 245,439 shares changed hands during trading, a decline of 24% from the average session volume of 321,571 shares. The stock had previously closed at $176.78.

Enova International News Summary

Here are the key news stories impacting Enova International this week:

• Positive Sentiment: Enova reported third-quarter adjusted earnings of $4.48 per share, exceeding the $4.42 consensus estimate, while revenue reached $1.01 billion versus expectations of approximately $1 billion. Revenue increased 25.7% year over year, and adjusted EPS rose 33%. Enova International quarterly earnings report
• Positive Sentiment: Growth remained broad-based: loan originations increased 31%, and Enova surpassed $1 billion in quarterly revenue for the first time. The company also highlighted a record loan book, supporting expectations for continued revenue momentum. Enova Tops $1 Billion Quarterly Revenue as Online Lending Surges
• Positive Sentiment: Analysts raised their outlooks following the results. Stephens increased its target to $225 and assigned an overweight rating; TD Cowen raised its target to $224 with a buy rating; and Citizens JMP lifted its target to $220 with a market outperform rating. These targets imply roughly 32%–35% upside from the cited share price of $166.14. Stephens Enova International rating
• Neutral Sentiment: Despite the earnings beat, ENVA trades below both its 50-day and 200-day moving averages, suggesting recent market momentum remains weak and that investors may be demanding additional evidence of sustained growth.
• Negative Sentiment: The termination of Enova’s Grasshopper Bank deal remains an overhang. While the quarter’s operating performance was strong, the strategic setback may be prompting investors to reassess the company’s plans for expanding its banking capabilities. Blue Tower on Enova International’s Grasshopper Bank Deal Termination

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. TD Cowen boosted their target price on Enova International from $220.00 to $224.00 and gave the company a “buy” rating in a research note on Friday. Stephens increased their target price on Enova International from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday. Zacks Research cut Enova International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 16th. Citigroup reaffirmed a “market outperform” rating on shares of Enova International in a research note on Friday. Finally, Jefferies Financial Group lowered their price objective on shares of Enova International from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $235.67.

Enova International Trading Down 5.6%

The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 12.31 and a beta of 1.28. The company has a debt-to-equity ratio of 3.35, a current ratio of 18.42 and a quick ratio of 18.42. The business has a 50-day moving average of $202.49 and a 200-day moving average of $199.36.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Thursday, October 22nd. The credit services provider reported $4.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.42 by $0.06. Enova International had a return on equity of 26.66% and a net margin of 10.31%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm posted $3.36 earnings per share. The business’s revenue was up 25.7% on a year-over-year basis. Research analysts anticipate that Enova International, Inc. will post 16.33 EPS for the current year.

Insider Buying and Selling

In other Enova International news, Chairman David Fisher sold 20,750 shares of Enova International stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $178.24, for a total value of $3,698,480.00. Following the completion of the sale, the chairman owned 306,444 shares in the company, valued at $54,620,578.56. The trade was a 6.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 39,319 shares of company stock worth $8,185,473 over the last 90 days. 8.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Enova International

A number of hedge funds have recently added to or reduced their stakes in the stock. USA Financial Formulas acquired a new position in Enova International in the third quarter valued at about $30,000. Integrated Wealth Concepts LLC bought a new stake in Enova International during the second quarter worth about $52,000. McIlrath & Eck LLC acquired a new stake in Enova International during the first quarter worth about $34,000. Pacer Advisors Inc. grew its stake in Enova International by 58.5% during the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock worth $56,000 after buying an additional 152 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in 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. Institutional investors own 89.43% of the company’s stock.

Enova International Company Profile

Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. Its offerings include consumer installment loans and lines of credit, as well as small-business financing products designed to provide access to working capital. The company serves customers who may have limited access to traditional bank credit and uses data-driven underwriting and technology-enabled platforms in its lending operations.

Enova markets its products through brands including CashNetUSA and NetCredit, which provide consumer financial services, and OnDeck, which focuses on lending to small businesses.