Envestnet, Inc. (NYSE:ENV) Receives Average Rating of “Moderate Buy” from Analysts

Envestnet, Inc. (NYSE:ENVGet Free Report) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $62.83.

A number of equities analysts have commented on ENV shares. Raymond James lifted their target price on Envestnet from $46.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, January 3rd. Royal Bank of Canada lifted their price target on Envestnet from $47.00 to $56.00 and gave the company a “sector perform” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. lifted their price target on Envestnet from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, February 23rd. StockNews.com raised Envestnet from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Finally, DA Davidson lifted their price target on Envestnet from $66.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd.

View Our Latest Research Report on Envestnet

Insider Buying and Selling

In other news, Director Lauren Taylor Wolfe bought 1,670 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average price of $52.99 per share, with a total value of $88,493.30. Following the completion of the acquisition, the director now directly owns 4,188,871 shares in the company, valued at $221,968,274.29. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Envestnet news, insider Matthew Majoros sold 700 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $56.92, for a total value of $39,844.00. Following the transaction, the insider now owns 15,212 shares of the company’s stock, valued at $865,867.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Taylor Wolfe purchased 1,670 shares of the company’s stock in a transaction on Friday, March 15th. The stock was bought at an average cost of $52.99 per share, for a total transaction of $88,493.30. Following the acquisition, the director now directly owns 4,188,871 shares of the company’s stock, valued at approximately $221,968,274.29. The disclosure for this purchase can be found here. 9.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC bought a new position in shares of Envestnet in the third quarter valued at $45,000. McIlrath & Eck LLC grew its position 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. Pinebridge Investments L.P. purchased a new position in Envestnet during the 2nd quarter worth approximately $56,000. Quest Partners LLC purchased a new position in Envestnet during the 4th quarter worth approximately $58,000. Finally, State of Tennessee Treasury Department purchased a new position in Envestnet during the 2nd quarter worth approximately $59,000.

Envestnet Stock Performance

Shares of ENV stock opened at $57.29 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.53. The business has a 50 day moving average of $53.03 and a two-hundred day moving average of $46.71. Envestnet has a 52 week low of $33.12 and a 52 week high of $66.50. The company has a market cap of $3.14 billion, a P/E ratio of -13.11 and a beta of 1.31.

Envestnet (NYSE:ENVGet Free Report) last issued its earnings results on Thursday, February 22nd. The business services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. Envestnet had a positive return on equity of 12.27% and a negative net margin of 19.17%. The company had revenue of $317.63 million during the quarter, compared to the consensus estimate of $312.24 million. As a group, analysts anticipate that Envestnet will post 1.78 EPS for the current year.

Envestnet Company Profile

(Get Free Report

Envestnet, Inc, through its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through two segments: Envestnet Wealth Solutions and Envestnet Data & Analytics. The Envestnet Wealth Solutions segment offers Envestnet | Enterprise, an end-to-end open architecture wealth management platform, as well as offers data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Wealth Analytics that transforms data into actionable intelligence; Envestnet | Tamarac which provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry.

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Analyst Recommendations for Envestnet (NYSE:ENV)

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