Envestnet (NYSE:ENV) Upgraded at StockNews.com

StockNews.com upgraded shares of Envestnet (NYSE:ENVGet Rating) from a sell rating to a hold rating in a research note released on Friday.

ENV has been the topic of a number of other research reports. DA Davidson cut their price target on shares of Envestnet from $70.00 to $64.00 and set a buy rating on the stock in a research note on Tuesday, October 4th. The Goldman Sachs Group cut their price target on shares of Envestnet from $65.00 to $56.00 and set a neutral rating on the stock in a research note on Monday, October 3rd. Jefferies Financial Group cut their price target on shares of Envestnet from $71.00 to $40.00 in a research note on Monday, November 7th. William Blair reissued an outperform rating on shares of Envestnet in a research note on Monday, July 25th. Finally, Raymond James cut their target price on shares of Envestnet from $68.00 to $63.00 and set a strong-buy rating on the stock in a research note on Wednesday, November 9th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $64.25.

Envestnet Stock Performance

NYSE:ENV opened at $55.37 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.54. The company has a market cap of $3.06 billion, a P/E ratio of -62.21 and a beta of 1.21. Envestnet has a fifty-two week low of $41.72 and a fifty-two week high of $84.58. The firm’s 50 day moving average is $47.96 and its two-hundred day moving average is $55.04.

Insider Buying and Selling

In related news, SVP Barry D. Cooper sold 1,290 shares of Envestnet stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $56.43, for a total transaction of $72,794.70. Following the sale, the senior vice president now owns 25,997 shares of the company’s stock, valued at approximately $1,467,010.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.44% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Envestnet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Impactive Capital LP increased its stake in Envestnet by 1.5% during the 3rd quarter. Impactive Capital LP now owns 3,983,406 shares of the business services provider’s stock worth $176,863,000 after buying an additional 60,321 shares during the period. State Street Corp grew its holdings in Envestnet by 2.7% during the 1st quarter. State Street Corp now owns 1,713,638 shares of the business services provider’s stock worth $127,563,000 after acquiring an additional 44,600 shares in the last quarter. Brown Advisory Inc. grew its holdings in Envestnet by 0.7% during the 3rd quarter. Brown Advisory Inc. now owns 1,381,375 shares of the business services provider’s stock worth $61,333,000 after acquiring an additional 9,855 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in Envestnet by 9.3% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,306,979 shares of the business services provider’s stock worth $58,030,000 after acquiring an additional 111,144 shares in the last quarter. Finally, Clearbridge Investments LLC grew its holdings in Envestnet by 0.3% during the 1st quarter. Clearbridge Investments LLC now owns 1,164,284 shares of the business services provider’s stock worth $86,669,000 after acquiring an additional 3,450 shares in the last quarter.

Envestnet Company Profile

(Get Rating)

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 product and services include 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.

See Also

Analyst Recommendations for Envestnet (NYSE:ENV)

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