Shares of Envestnet Inc (NYSE:ENV) have been given an average recommendation of “Buy” by the thirteen brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $73.78.
ENV has been the topic of several recent research reports. ValuEngine lowered Envestnet from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. DA Davidson upgraded Envestnet from a “neutral” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Tuesday, October 1st. Zacks Investment Research lowered Envestnet from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th. Finally, Raymond James increased their price objective on Envestnet from $82.00 to $83.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 11th.
In related news, CEO Judson Bergman sold 15,000 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $70.85, for a total transaction of $1,062,750.00. Following the completion of the sale, the chief executive officer now directly owns 838,323 shares in the company, valued at approximately $59,395,184.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joshua Mayer sold 500 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $69.82, for a total value of $34,910.00. Following the sale, the chief operating officer now owns 28,102 shares of the company’s stock, valued at $1,962,081.64. The disclosure for this sale can be found here. Insiders have sold a total of 138,200 shares of company stock worth $8,361,543 over the last quarter. Corporate insiders own 4.97% of the company’s stock.
Shares of NYSE ENV opened at $60.32 on Monday. The firm has a market capitalization of $3.19 billion, a P/E ratio of 48.26, a P/E/G ratio of 2.72 and a beta of 1.74. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.61. The stock’s 50-day simple moving average is $58.23 and its two-hundred day simple moving average is $65.19. Envestnet has a twelve month low of $46.57 and a twelve month high of $73.94.
Envestnet (NYSE:ENV) last announced its earnings results on Wednesday, August 7th. The business services provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The business had revenue of $227.90 million during the quarter, compared to the consensus estimate of $225.34 million. Envestnet had a positive return on equity of 9.15% and a negative net margin of 1.72%. Envestnet’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. As a group, research analysts anticipate that Envestnet will post 1.28 EPS for the current fiscal year.
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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