Envestnet Inc (ENV) Director Gayle A. Crowell Sells 746 Shares of Stock

Envestnet Inc (NYSE:ENV) Director Gayle A. Crowell sold 746 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $50.00, for a total value of $37,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Envestnet Inc (NYSE:ENV) traded down $0.10 during trading hours on Friday, hitting $51.90. The stock had a trading volume of 138,100 shares, compared to its average volume of 265,867. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.63. Envestnet Inc has a 1-year low of $30.80 and a 1-year high of $55.15. The stock has a market cap of $2,300.00, a PE ratio of -41.85, a P/E/G ratio of 2.97 and a beta of 1.90.

Envestnet (NYSE:ENV) last issued its earnings results on Wednesday, November 8th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.02. The business had revenue of $175.61 million during the quarter, compared to analysts’ expectations of $171.57 million. Envestnet had a positive return on equity of 8.92% and a negative net margin of 8.15%. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 EPS. research analysts expect that Envestnet Inc will post 0.89 EPS for the current year.

Several research analysts have recently issued reports on the company. UBS Group cut their price target on Envestnet from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 17th. Zacks Investment Research cut Envestnet from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Stifel Nicolaus reiterated a “buy” rating and set a $62.00 target price (up previously from $52.00) on shares of Envestnet in a report on Thursday, November 9th. Royal Bank of Canada reiterated a “hold” rating on shares of Envestnet in a report on Tuesday, November 7th. Finally, Jefferies Group boosted their target price on Envestnet from $47.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $55.13.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Envestnet by 3.1% in the 2nd quarter. BlackRock Inc. now owns 2,662,809 shares of the business services provider’s stock worth $105,446,000 after acquiring an additional 81,056 shares during the period. New York State Common Retirement Fund boosted its holdings in Envestnet by 5.9% in the 2nd quarter. New York State Common Retirement Fund now owns 46,654 shares of the business services provider’s stock worth $1,847,000 after acquiring an additional 2,599 shares during the period. American Century Companies Inc. purchased a new position in Envestnet in the 3rd quarter worth approximately $2,505,000. UBS Asset Management Americas Inc. boosted its holdings in Envestnet by 123.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 24,406 shares of the business services provider’s stock worth $966,000 after acquiring an additional 13,506 shares during the period. Finally, Stephens Investment Management Group LLC boosted its holdings in Envestnet by 6.3% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,434,756 shares of the business services provider’s stock worth $73,173,000 after acquiring an additional 85,642 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

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About Envestnet

Envestnet, Inc is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.

Insider Buying and Selling by Quarter for Envestnet (NYSE:ENV)

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