Shares of Envestnet Inc (NYSE:ENV) have earned an average recommendation of “Buy” from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $73.78.
A number of equities analysts have issued reports on ENV shares. SunTrust Banks raised their target price on shares of PepsiCo to $120.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Raymond James reaffirmed a “hold” rating on shares of PrairieSky Royalty in a report on Thursday, July 11th. UBS Group lifted their price target on Verisk Analytics from $106.00 to $111.00 and gave the company a “sell” rating in a report on Tuesday, April 9th. Buckingham Research cut Envestnet from a “buy” rating to a “neutral” rating and set a $73.00 price target on the stock. in a report on Thursday, May 9th. Finally, TheStreet cut Trade Desk from a “b-” rating to a “c-” rating in a report on Thursday, May 9th.
NYSE ENV traded down $0.75 during trading hours on Friday, reaching $71.91. The company’s stock had a trading volume of 195,050 shares, compared to its average volume of 244,835. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50-day moving average of $69.42. Envestnet has a 52 week low of $46.57 and a 52 week high of $73.23. The company has a market cap of $3.54 billion, a PE ratio of 57.53, a PEG ratio of 3.20 and a beta of 1.70.
In related news, insider Stuart Depina sold 4,805 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $71.21, for a total transaction of $342,164.05. Following the transaction, the insider now owns 44,512 shares in the company, valued at $3,169,699.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Judson Bergman sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $69.91, for a total transaction of $1,048,650.00. Following the transaction, the chief executive officer now owns 812,099 shares in the company, valued at approximately $56,773,841.09. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,369 shares of company stock worth $6,296,322. Corporate insiders own 4.97% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC lifted its stake in shares of Envestnet by 8.0% during the 4th quarter. LPL Financial LLC now owns 5,254 shares of the business services provider’s stock worth $258,000 after purchasing an additional 387 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Envestnet by 4.8% during the 4th quarter. BlackRock Inc. now owns 3,352,246 shares of the business services provider’s stock worth $164,898,000 after purchasing an additional 152,126 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in shares of Envestnet during the 4th quarter worth $229,000. Northern Trust Corp lifted its stake in shares of Envestnet by 0.3% during the 4th quarter. Northern Trust Corp now owns 648,519 shares of the business services provider’s stock worth $31,900,000 after purchasing an additional 1,857 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Envestnet by 19.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 434,540 shares of the business services provider’s stock worth $21,375,000 after purchasing an additional 71,411 shares during the last quarter. Institutional investors and hedge funds own 94.20% of the company’s stock.
Envestnet Company Profile
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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