Envestnet (ENV) – Investment Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Envestnet (NYSE: ENV):

  • 5/9/2019 – Envestnet had its price target raised by analysts at Raymond James from $77.00 to $82.00. They now have a “strong-buy” rating on the stock.
  • 5/9/2019 – Envestnet had its price target raised by analysts at Royal Bank of Canada to $71.00. They now have a “sector perform” rating on the stock.
  • 5/9/2019 – Envestnet was downgraded by analysts at Buckingham Research from a “buy” rating to a “neutral” rating. They now have a $73.00 price target on the stock.
  • 5/9/2019 – Envestnet was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $73.00 price target on the stock, up previously from $71.00.
  • 5/9/2019 – Envestnet was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 4/24/2019 – Envestnet was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Envestnet, Inc. is an independent provider of technology-enabled, Web-based investment solutions and services to financial advisors. The Company’s technology platform allows financial advisors to provide their clients with a wide range of investment solutions and services. It offers risk assessment and selection of investment strategies, asset allocation models, research and due diligence, portfolio construction, proposal generation and paperwork preparation, model management and account rebalancing, account monitoring, customized fee billing, overlay services covering asset allocation, tax management and socially responsible investing, aggregated multi-custodian performance reporting and communication tools, as well as access to a range of third-party asset custodians. Envestnet focuses its technology development efforts and its sales and marketing approach on addressing financial advisors’ front, middle and back office needs. Envestnet, Inc. is headquartered in Chicago, Illinois. “
  • 4/18/2019 – Envestnet is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $80.00 price target on the stock.
  • 4/9/2019 – Envestnet had its price target raised by analysts at UBS Group AG from $76.00 to $80.00. They now have a “buy” rating on the stock.
  • 3/20/2019 – Envestnet was downgraded by analysts at DA Davidson from a “buy” rating to a “neutral” rating. They now have a $67.00 price target on the stock, up previously from $64.00. They noted that the move was a valuation call. They noted that the move was a valuation call.

NYSE ENV traded up $1.05 on Thursday, reaching $68.75. 2,999 shares of the company’s stock traded hands, compared to its average volume of 286,599. Envestnet Inc has a 12 month low of $46.57 and a 12 month high of $72.67. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.03 and a quick ratio of 1.11. The stock has a market capitalization of $3.25 billion, a P/E ratio of 55.00, a PEG ratio of 2.84 and a beta of 1.90.

Envestnet (NYSE:ENV) last issued its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). Envestnet had a negative net margin of 2.52% and a positive return on equity of 10.28%. The business had revenue of $199.70 million for the quarter, compared to the consensus estimate of $201.37 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. As a group, equities analysts expect that Envestnet Inc will post 1.44 earnings per share for the current fiscal year.

In other Envestnet news, COO Joshua Mayer sold 1,162 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $61.15, for a total value of $71,056.30. Following the transaction, the chief operating officer now owns 36,222 shares of the company’s stock, valued at $2,214,975.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stuart Depina sold 18,168 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $65.13, for a total transaction of $1,183,281.84. Following the completion of the transaction, the insider now directly owns 50,968 shares in the company, valued at approximately $3,319,545.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,335 shares of company stock worth $4,559,261. Corporate insiders own 4.97% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of ENV. Teachers Advisors LLC increased its stake in Envestnet by 2.7% during the third quarter. Teachers Advisors LLC now owns 83,501 shares of the business services provider’s stock worth $5,089,000 after acquiring an additional 2,232 shares during the last quarter. Vanguard Group Inc. boosted its position in Envestnet by 2.9% in the third quarter. Vanguard Group Inc. now owns 3,942,847 shares of the business services provider’s stock valued at $240,316,000 after buying an additional 112,801 shares in the last quarter. Peregrine Capital Management LLC boosted its position in Envestnet by 14.9% in the fourth quarter. Peregrine Capital Management LLC now owns 326,769 shares of the business services provider’s stock valued at $16,074,000 after buying an additional 42,267 shares in the last quarter. Bank of Montreal Can boosted its position in Envestnet by 23.5% in the fourth quarter. Bank of Montreal Can now owns 1,410 shares of the business services provider’s stock valued at $69,000 after buying an additional 268 shares in the last quarter. Finally, Strs Ohio boosted its position in Envestnet by 15.8% in the fourth quarter. Strs Ohio now owns 2,200 shares of the business services provider’s stock valued at $108,000 after buying an additional 300 shares in the last quarter. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

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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