Envestnet (NYSE:ENV) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Envestnet (NYSE:ENV – Get Rating) in a research report released on Thursday morning. The brokerage issued a sell rating on the business services provider’s stock.

ENV has been the subject of several other reports. JMP Securities reissued a market outperform rating and set a $80.00 price objective on shares of Envestnet in a report on Monday, March 13th. JPMorgan Chase & Co. upped their price target on Envestnet from $53.00 to $60.00 and gave the company a neutral rating in a research note on Monday, January 23rd. DA Davidson upped their price target on Envestnet from $70.00 to $74.00 in a research note on Wednesday, January 4th. Raymond James cut Envestnet from a strong-buy rating to an outperform rating and upped their price target for the company from $63.00 to $71.00 in a research note on Friday, January 6th. Finally, Jefferies Financial Group upped their price target on Envestnet from $40.00 to $47.00 in a research note on Tuesday, February 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Envestnet presently has a consensus rating of Hold and an average target price of $63.63.

Envestnet Price Performance

Shares of NYSE:ENV opened at $52.84 on Thursday. Envestnet has a 1-year low of $41.72 and a 1-year high of $84.58. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.93 and a quick ratio of 0.93. The business has a 50-day moving average price of $63.61 and a two-hundred day moving average price of $56.70.

Institutional Trading of Envestnet

Large investors have recently bought and sold shares of the business. McIlrath & Eck LLC increased its stake in Envestnet by 140.8% during the 4th quarter. McIlrath & Eck LLC now owns 802 shares of the business services provider’s stock worth $49,000 after purchasing an additional 469 shares in the last quarter. FourThought Financial LLC boosted its position in Envestnet by 51.5% during the 3rd quarter. FourThought Financial LLC now owns 2,111 shares of the business services provider’s stock worth $94,000 after acquiring an additional 718 shares during the last quarter. Covestor Ltd boosted its position in Envestnet by 86.2% during the 1st quarter. Covestor Ltd now owns 1,398 shares of the business services provider’s stock worth $104,000 after acquiring an additional 647 shares during the last quarter. Huntington National Bank boosted its position in Envestnet by 25.0% during the 3rd quarter. Huntington National Bank now owns 2,417 shares of the business services provider’s stock worth $108,000 after acquiring an additional 483 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new position in Envestnet during the 3rd quarter worth approximately $112,000.

About Envestnet

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Envestnet, Inc engages in the provision of intelligent systems for wealth management and financial wellness. It operates through the following segments: Envestnet Wealth Solutions and Envestnet Data & Analytics. The Envestnet Wealth Solutions segment provides unified wealth management software and services to empower financial advisors and institutions.