Envela (NYSEAMERICAN:ELA) Price Target Raised to $18.00 at B. Riley Financial

Envela (NYSEAMERICAN:ELA) had its target price hoisted by B. Riley Financial from $14.00 to $18.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Separately, Zacks Research downgraded shares of Envela from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.50.

Envela Stock Up 31.2%

Shares of Envela stock opened at $15.23 on Thursday. The company has a market capitalization of $395.37 million, a P/E ratio of 26.72 and a beta of 0.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 2.65. The business has a 50-day moving average of $13.31 and a two-hundred day moving average of $11.13. Envela has a 1 year low of $5.10 and a 1 year high of $17.35.

Envela (NYSEAMERICAN:ELA) last released its quarterly earnings data on Wednesday, March 18th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.14. Envela had a return on equity of 25.17% and a net margin of 6.06%.The business had revenue of $80.50 million for the quarter, compared to analysts’ expectations of $52.25 million. As a group, equities analysts predict that Envela will post 0.24 EPS for the current year.

Institutional Investors Weigh In On Envela

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tradewinds Capital Management LLC bought a new stake in Envela during the 4th quarter worth about $36,000. Deutsche Bank AG grew its holdings in shares of Envela by 471.0% in the 4th quarter. Deutsche Bank AG now owns 6,252 shares of the company’s stock valued at $84,000 after acquiring an additional 5,157 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Envela by 78.1% in the fourth quarter. Wells Fargo & Company MN now owns 7,275 shares of the company’s stock valued at $97,000 after acquiring an additional 3,191 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in shares of Envela in the fourth quarter valued at about $134,000. Finally, NewEdge Advisors LLC raised its holdings in Envela by 1,015.6% during the first quarter. NewEdge Advisors LLC now owns 10,989 shares of the company’s stock worth $68,000 after acquiring an additional 10,004 shares in the last quarter. 8.15% of the stock is currently owned by institutional investors and hedge funds.

Key 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

Envela Company Profile

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.