Shares of Envestnet Inc (NYSE:ENV) have earned a consensus rating of “Buy” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $73.78.
ENV has been the topic of several research analyst reports. TheStreet downgraded shares of Envestnet from a “b” rating to a “c+” rating in a research note on Thursday, May 9th. Zacks Investment Research downgraded shares of Envestnet from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine downgraded shares of Envestnet from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Royal Bank of Canada lifted their price target on shares of Envestnet to $71.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 9th. Finally, Raymond James lifted their price target on shares of Envestnet from $82.00 to $83.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 11th.
In other Envestnet news, insider William Crager sold 18,500 shares of Envestnet stock in a transaction on Monday, August 12th. The stock was sold at an average price of $58.13, for a total transaction of $1,075,405.00. Following the completion of the transaction, the insider now directly owns 243,512 shares of the company’s stock, valued at $14,155,352.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brandon Thomas sold 961 shares of Envestnet stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $67.46, for a total value of $64,829.06. Following the transaction, the insider now directly owns 265,767 shares of the company’s stock, valued at $17,928,641.82. The disclosure for this sale can be found here. Insiders have sold 134,564 shares of company stock worth $9,199,089 in the last quarter. Corporate insiders own 4.97% of the company’s stock.
Shares of Envestnet stock traded down $2.36 during midday trading on Wednesday, hitting $55.47. The company had a trading volume of 568,704 shares, compared to its average volume of 296,256. The company’s 50 day moving average price is $68.63. The company has a market cap of $2.82 billion, a PE ratio of 44.38, a PEG ratio of 2.58 and a beta of 1.67. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.60. Envestnet has a 1-year low of $46.57 and a 1-year high of $73.94.
Envestnet (NYSE:ENV) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). The company had revenue of $227.90 million during the quarter, compared to analyst estimates of $225.34 million. Envestnet had a positive return on equity of 10.18% and a negative net margin of 1.72%. The company’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. Equities analysts predict that Envestnet will post 1.4 earnings per share for the current fiscal year.
Envestnet Company Profile
Envestnet, Inc, together with its subsidiaries, provides intelligent systems for wealth management and financial wellness in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.
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