The stock of Envestnet Inc. (NYSE:ENV) last traded at $55.24, up 2.11% from the previous session.
Data from the available sources indicates that Envestnet Inc. (NYSE:ENV) is covered by 9 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $80.00 and a low of $47.00, we find $71.00. Given the previous closing price of $54.10, this indicates a potential upside of 31.24 percent. ENV stock price is now -13.92% away from the 50-day moving average and -2.40% away from the 200-day moving average. The market capitalization of the company currently stands at $3.10B.
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In total, 2 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $68.14 as their price target over the next twelve months.
With the price target enhanced from $63 to $71, Raymond James Downgraded its rating from Strong Buy to Outperform for Envestnet Inc. (NYSE: ENV)., while ‘DA Davidson’ rates the stock as ‘Buy’.
In other news, O’Brien Shelly, Chief Legal Officer sold 5,358 shares of the company’s stock on Nov 14. The stock was sold for $300,048 at an average price of $56.00. Upon completion of the transaction, the Chief Legal Officer now directly owns 28,696 shares in the company, valued at $1.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22, SVP, Head of Accounting Mgmt. Cooper Barry D. sold 1,290 shares of the business’s stock. A total of $72,792 was realized by selling the stock at an average price of $56.43. This leaves the insider owning 25,997 shares of the company worth $1.44 million. Insiders disposed of 34,922 shares of company stock worth roughly $1.93 million over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ENV stock. A new stake in Envestnet Inc. shares was purchased by EARNEST PARTNERS LLC during the first quarter worth $91,277,000. RGM CAPITAL, LLC invested $50,680,000 in shares of ENV during the first quarter. In the first quarter, PHASE 2 PARTNERS, LLC acquired a new stake in Envestnet Inc. valued at approximately $9,329,000. OPTI CAPITAL MANAGEMENT, LP acquired a new stake in ENV for approximately $9,083,000. HIGHBRIDGE CAPITAL MANAGEMENT LLC purchased a new stake in ENV valued at around $6,894,000 in the second quarter.
With an opening price of $55.64 on Tuesday morning, Envestnet Inc. (NYSE: ENV) set off the trading day. During the past 12 months, Envestnet Inc. has had a low of $41.72 and a high of $84.58. As of last week, the company has a debt-to-equity ratio of 1.21, a current ratio of 0.90, and a quick ratio of 0.90. The fifty day moving average price for ENV is $64.04 and a two-hundred day moving average price translates $56.55 for the stock.
The latest earnings results from Envestnet Inc. (NYSE: ENV) was released for Sep, 2022. According to the Software – Application Company, earnings per share came in at $0.45, beating analysts’ expectations of $0.42 by 0.03. This compares to -$0.07 EPS in the same period last year. The net profit margin was -6.50% and return on equity was -9.00% for ENV. The company reported revenue of $292.87 million for the quarter, compared to $319.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.37 percent. For the current quarter, analysts expect ENV to generate $295.63M in revenue.
Envestnet Inc.(ENV) Company Profile
Envestnet, Inc., together with its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through Envestnet Wealth Solutions and Envestnet Data & Analytics segments. The company’s Envestnet Wealth Solutions segment offers Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as offers 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; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry. This segment also provides Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research and consulting services to assist advisors in creating investment solutions for their clients, and portfolio overlay and tax optimization services. The company’s Envestnet Data & Analytics segment offers Envestnet Data & Analytics, a data aggregation, data intelligence, and experiences platform that enables consumers to aggregate financial accounts within client applications, as well as provides clients the functionality to gather, refine, and aggregate various sets of consumer permissioned data for use in financial applications, reports, market research analysis, and application programming interfaces. Envestnet, Inc. was founded in 1999 and is headquartered in Berwyn, Pennsylvania.
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