Envestnet (NYSE:ENV) Research Coverage Started at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Envestnet (NYSE:ENV) in a report released on Wednesday. The firm set a “sell” rating on the business services provider’s stock.

Several other research analysts also recently weighed in on the stock. William Blair reaffirmed a “market perform” rating on shares of Envestnet in a report on Thursday, July 11th. UBS Group reiterated a “neutral” rating and set a $63.15 target price (down previously from $75.00) on shares of Envestnet in a research report on Tuesday, July 16th. Raymond James downgraded Envestnet from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, DA Davidson restated a “neutral” rating and issued a $63.00 price target on shares of Envestnet in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Envestnet has an average rating of “Hold” and a consensus target price of $61.88.

Envestnet Stock Up 0.1 %

NYSE ENV opened at $62.53 on Wednesday. The stock’s 50-day moving average price is $62.44 and its 200-day moving average price is $61.98. The company has a market capitalization of $3.45 billion, a P/E ratio of -17.56 and a beta of 1.25. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.70. Envestnet has a 52 week low of $33.12 and a 52 week high of $73.04.

Envestnet (NYSE:ENV) last released its earnings results on Friday, August 9th. The business services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.07). The firm had revenue of $348.30 million for the quarter, compared to the consensus estimate of $342.90 million. Envestnet had a positive return on equity of 17.02% and a negative net margin of 19.33%. Envestnet’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 EPS. On average, equities research analysts predict that Envestnet will post 1.71 earnings per share for the current year.

Institutional Trading of Envestnet

Large investors have recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. bought a new stake in Envestnet in the first quarter worth $38,000. Innealta Capital LLC bought a new position in Envestnet during the second quarter valued at $46,000. Quest Partners LLC purchased a new position in shares of Envestnet in the 4th quarter worth $58,000. Federated Hermes Inc. increased its holdings in shares of Envestnet by 80.0% in the 2nd quarter. Federated Hermes Inc. now owns 2,700 shares of the business services provider’s stock worth $169,000 after buying an additional 1,200 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Envestnet during the 1st quarter valued at about $168,000.

About Envestnet

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.