Envela (NYSEAMERICAN:ELA) Given New $15.00 Price Target at Lake Street Capital

Envela (NYSEAMERICAN:ELA) had its target price upped by Lake Street Capital from $12.00 to $15.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently issued reports on the company. B. Riley Financial lifted their target price on Envela from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday. Zacks Research cut shares of Envela from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.50.

Envela Trading Up 31.2%

Shares of ELA stock opened at $15.23 on Thursday. Envela has a fifty-two week low of $5.10 and a fifty-two week high of $17.35. The stock’s fifty day moving average price is $13.31 and its two-hundred day moving average price is $11.13. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.65 and a current ratio of 5.19. The company has a market cap of $395.37 million, a PE ratio of 26.72 and a beta of 0.26.

Envela (NYSEAMERICAN:ELA) last posted its quarterly earnings results on Wednesday, March 18th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.14. Envela had a return on equity of 25.17% and a net margin of 6.06%.The company had revenue of $80.50 million during the quarter, compared to analysts’ expectations of $52.25 million. Equities analysts predict that Envela will post 0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Envela

Large investors have recently modified their holdings of the business. Topline Capital Management LLC lifted its holdings in shares of Envela by 14.2% during the second quarter. Topline Capital Management LLC now owns 862,433 shares of the company’s stock worth $5,278,000 after purchasing an additional 107,470 shares during the period. Vanguard Group Inc. increased its holdings in Envela by 0.6% in the third quarter. Vanguard Group Inc. now owns 455,034 shares of the company’s stock valued at $3,554,000 after purchasing an additional 2,737 shares during the period. Allspring Global Investments Holdings LLC raised its position in Envela by 1,213.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 185,382 shares of the company’s stock worth $2,480,000 after purchasing an additional 171,268 shares during the last quarter. Geode Capital Management LLC raised its position in Envela by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 149,107 shares of the company’s stock worth $1,995,000 after purchasing an additional 5,086 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in Envela by 16.4% during the 3rd quarter. Bridgeway Capital Management LLC now owns 106,700 shares of the company’s stock worth $833,000 after buying an additional 15,000 shares during the period. Institutional investors own 8.15% of the company’s stock.

More Envela News

Here are the key news stories impacting Envela this week:

• Positive Sentiment: Q4 results: Envela beat top- and bottom-line estimates — $0.23 EPS vs. $0.09 expected and ~$80.5M revenue vs. ~$52.3M expected — which the market is rewarding. Article Title
• Positive Sentiment: Coverage of the beat and bullish reaction: multiple outlets note the stock’s sharp move after the strong quarter. Article Title
• Positive Sentiment: Business drivers: reports highlight strong demand for bullion and pre-owned jewelry, which supports revenue growth and margins going forward. Article Title
• Positive Sentiment: B. Riley raised its price target from $14 to $18 and kept a “buy” rating, signaling analyst conviction of further upside. Article Title
• Neutral Sentiment: Lake Street Capital raised its target from $12 to $15 and maintained a “buy” rating; the new target is roughly in line with the recent stock level, implying limited near-term price cushion from that particular estimate. Article Title Ticker Report
• Neutral Sentiment: Pre-earnings coverage and summaries outlining expectations and business context — useful background but less likely to move the stock after the actual results. Article Title

About Envela

Envela Corporation is a technology-enabled asset recovery and monetization company that specializes in the acquisition, refurbishment and resale of pre-owned consumer electronics and jewelry, as well as the manufacture and distribution of industrial diamonds. Through its integrated platform, the company sources assets from individuals, retailers and corporate clients, employing proprietary software and physical channel operations to optimize value recovery across multiple product categories.

Originally founded as American Jewelry Liquidators, the business rebranded as Envela in 2018 to reflect its broader strategic focus beyond jewelry.