Envestnet, Inc (NYSE:ENV) CFO Peter D’arrigo sold 30,000 shares of Envestnet stock in a transaction on Friday, November 10th. The stock was sold at an average price of $51.49, for a total value of $1,544,700.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Envestnet, Inc (NYSE ENV) traded up $0.25 during mid-day trading on Tuesday, reaching $51.70. The company had a trading volume of 159,700 shares, compared to its average volume of 270,952. The firm has a market capitalization of $2,300.00, a P/E ratio of 65.96, a PEG ratio of 3.87 and a beta of 1.97. Envestnet, Inc has a fifty-two week low of $30.80 and a fifty-two week high of $55.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.61 and a current ratio of 0.61.
Envestnet (NYSE:ENV) last posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.02. The business had revenue of $175.61 million during the quarter, compared to the consensus estimate of $171.57 million. Envestnet had a positive return on equity of 8.93% and a negative net margin of 8.15%. Envestnet’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 earnings per share. analysts anticipate that Envestnet, Inc will post 0.89 EPS for the current fiscal year.
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ENV has been the subject of a number of research reports. Stifel Nicolaus reissued a “buy” rating and set a $52.00 target price on shares of Envestnet in a report on Tuesday, September 26th. Raymond James Financial, Inc. lifted their target price on Envestnet from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research raised Envestnet from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Tuesday, October 10th. UBS AG reissued a “buy” rating and set a $63.00 target price (up previously from $50.00) on shares of Envestnet in a report on Monday, October 9th. Finally, Jefferies Group LLC lifted their target price on Envestnet from $47.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $55.63.
A number of hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC raised its stake in Envestnet by 559.6% in the second quarter. Janus Henderson Group PLC now owns 4,017,706 shares of the business services provider’s stock valued at $159,101,000 after purchasing an additional 3,408,580 shares in the last quarter. Vanguard Group Inc. raised its stake in Envestnet by 5.8% in the second quarter. Vanguard Group Inc. now owns 3,454,623 shares of the business services provider’s stock valued at $136,803,000 after purchasing an additional 188,892 shares in the last quarter. BlackRock Inc. raised its stake in Envestnet by 3.1% during the second quarter. BlackRock Inc. now owns 2,662,809 shares of the business services provider’s stock worth $105,446,000 after acquiring an additional 81,056 shares in the last quarter. Wasatch Advisors Inc. raised its stake in Envestnet by 3.0% during the second quarter. Wasatch Advisors Inc. now owns 1,985,952 shares of the business services provider’s stock worth $78,644,000 after acquiring an additional 57,555 shares in the last quarter. Finally, Van Berkom & Associates Inc. raised its stake in Envestnet by 8.8% during the second quarter. Van Berkom & Associates Inc. now owns 1,653,145 shares of the business services provider’s stock worth $65,465,000 after acquiring an additional 133,303 shares in the last quarter. 97.48% of the stock is owned by institutional investors and hedge funds.
Envestnet, Inc is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.
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