Envestnet, Inc. (NYSE:ENV) Receives Average Recommendation of “Moderate Buy” from Analysts

Envestnet, Inc. (NYSE:ENVGet Free Report) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $64.14.

ENV has been the subject of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and issued a $79.00 price objective on shares of Envestnet in a research note on Wednesday, April 17th. Jefferies Financial Group upgraded shares of Envestnet from an “underperform” rating to a “hold” rating and lifted their price objective for the company from $47.00 to $59.00 in a research note on Wednesday, May 8th. Raymond James lifted their price objective on shares of Envestnet from $52.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. StockNews.com downgraded shares of Envestnet from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, William Blair reissued an “outperform” rating on shares of Envestnet in a report on Wednesday, March 27th.

Read Our Latest Stock Analysis on ENV

Institutional Trading of Envestnet

A number of hedge funds have recently made changes to their positions in the stock. YHB Investment Advisors Inc. bought a new stake in Envestnet in the first quarter worth $38,000. Quest Partners LLC bought a new stake in Envestnet in the fourth quarter worth $58,000. SG Americas Securities LLC bought a new stake in Envestnet in the first quarter worth $168,000. Cetera Advisors LLC bought a new stake in Envestnet in the first quarter worth $222,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Envestnet in the first quarter valued at about $228,000.

Envestnet Price Performance

Envestnet stock opened at $61.70 on Thursday. Envestnet has a 52 week low of $33.12 and a 52 week high of $73.04. The company’s 50 day moving average price is $64.22 and its two-hundred day moving average price is $57.59. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.47. The stock has a market cap of $3.40 billion, a P/E ratio of -17.33 and a beta of 1.28.

Envestnet (NYSE:ENVGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. Envestnet had a negative net margin of 15.33% and a positive return on equity of 14.75%. The company had revenue of $324.95 million during the quarter, compared to analyst estimates of $324.85 million. On average, equities analysts predict that Envestnet will post 1.78 earnings per share for the current year.

About Envestnet

(Get Free Report

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.

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Analyst Recommendations for Envestnet (NYSE:ENV)

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