Analysts Set Expectations for Envestnet Inc’s Q1 2018 Earnings (ENV)

Envestnet Inc (NYSE:ENV) – Stock analysts at Jefferies Group raised their Q1 2018 earnings estimates for shares of Envestnet in a research report issued to clients and investors on Wednesday. Jefferies Group analyst S. Thind now forecasts that the business services provider will post earnings of $0.26 per share for the quarter, up from their prior estimate of $0.18. Jefferies Group has a “Buy” rating and a $65.00 price objective on the stock. Jefferies Group also issued estimates for Envestnet’s Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $1.48 EPS and FY2019 earnings at $1.86 EPS.

ENV has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Envestnet from a “hold” rating to a “strong-buy” rating and set a $60.00 target price on the stock in a report on Tuesday, January 9th. Stifel Nicolaus restated a “buy” rating and issued a $52.00 target price on shares of Envestnet in a report on Tuesday, September 26th. William Blair restated an “ourperform” rating on shares of Envestnet in a report on Tuesday, September 26th. JMP Securities boosted their target price on shares of Envestnet from $48.00 to $56.00 and gave the stock an “outperform” rating in a report on Tuesday, September 26th. They noted that the move was a valuation call. Finally, Royal Bank of Canada restated a “hold” rating and issued a $48.00 target price on shares of Envestnet in a report on Thursday, October 5th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Envestnet currently has a consensus rating of “Buy” and a consensus target price of $55.00.

Shares of Envestnet (NYSE ENV) opened at $54.10 on Friday. Envestnet has a fifty-two week low of $30.80 and a fifty-two week high of $55.15. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.63. The firm has a market cap of $2,400.00, a PE ratio of -43.63, a PEG ratio of 2.73 and a beta of 1.90.

Envestnet (NYSE:ENV) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. The business had revenue of $175.61 million for the quarter, compared to analysts’ expectations of $171.57 million. Envestnet had a negative net margin of 8.15% and a positive return on equity of 8.92%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 EPS.

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Envestnet by 3.1% in the 2nd quarter. BlackRock Inc. now owns 2,662,809 shares of the business services provider’s stock valued at $105,446,000 after buying an additional 81,056 shares during the period. New York State Common Retirement Fund boosted its position 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 valued at $1,847,000 after buying an additional 2,599 shares during the period. American Century Companies Inc. purchased a new stake in Envestnet in the 3rd quarter valued at about $2,505,000. UBS Asset Management Americas Inc. boosted its position 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 valued at $966,000 after buying an additional 13,506 shares during the period. Finally, Stephens Investment Management Group LLC boosted its position 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 valued at $73,173,000 after buying an additional 85,642 shares during the period. 94.90% of the stock is owned by institutional investors.

In related news, CFO Peter D’arrigo sold 20,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $48.11, for a total transaction of $962,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President William Crager sold 5,000 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $53.31, for a total transaction of $266,550.00. Following the transaction, the president now owns 150,555 shares in the company, valued at $8,026,087.05. The disclosure for this sale can be found here. Insiders have sold a total of 297,585 shares of company stock worth $15,131,761 over the last quarter. 7.80% of the stock is currently owned by insiders.

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Envestnet Company Profile

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.

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