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

Shares of Envestnet, Inc. (NYSE:ENV) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $64.14.

ENV has been the subject of a number of research reports. Royal Bank of Canada raised their price target on shares of Envestnet from $56.00 to $64.00 and gave the company a “sector perform” rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. increased their target price on shares of Envestnet from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Raymond James lifted their price target on shares of Envestnet from $52.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. William Blair restated an “outperform” rating on shares of Envestnet in a research report on Wednesday, March 27th. Finally, StockNews.com upgraded Envestnet from a “sell” rating to a “hold” rating in a report on Friday, May 10th.

Insider Activity

In related 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 transaction of $39,844.00. Following the completion of the sale, the insider now directly owns 15,212 shares in the company, valued at approximately $865,867.04. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Lauren Taylor Wolfe purchased 1,670 shares of the stock in a transaction dated 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 completion of the acquisition, the director now owns 4,188,871 shares of the company’s stock, valued at $221,968,274.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Matthew Majoros sold 700 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $56.92, for a total value of $39,844.00. Following the sale, the insider now directly owns 15,212 shares in the company, valued at approximately $865,867.04. The disclosure for this sale can be found here. Corporate insiders own 8.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. YHB Investment Advisors Inc. acquired a new stake in Envestnet in the first quarter worth $38,000. Headlands Technologies LLC bought a new stake in Envestnet in the 3rd quarter valued at about $45,000. Quest Partners LLC acquired a new position in Envestnet during the 4th quarter worth approximately $58,000. SG Americas Securities LLC acquired a new position in Envestnet during the 1st quarter worth approximately $168,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Envestnet by 19.4% in the third quarter. PNC Financial Services Group Inc. now owns 4,930 shares of the business services provider’s stock worth $217,000 after acquiring an additional 802 shares in the last quarter.

Envestnet Price Performance

NYSE ENV opened at $68.48 on Wednesday. Envestnet has a 1 year low of $33.12 and a 1 year high of $73.04. The company has a fifty day simple moving average of $61.73 and a 200 day simple moving average of $52.73. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.47. The company has a market cap of $3.77 billion, a P/E ratio of -19.24 and a beta of 1.26.

Envestnet (NYSE:ENV) last announced its earnings results on Tuesday, May 7th. The business services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. Envestnet had a positive return on equity of 14.75% and a negative net margin of 15.33%. The firm had revenue of $324.95 million during the quarter, compared to the consensus estimate of $324.85 million. On average, sell-side analysts predict that Envestnet will post 1.78 EPS for the current year.

Envestnet Company Profile

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.