Envestnet (NYSE:ENV) Downgraded by StockNews.com

StockNews.com downgraded shares of Envestnet (NYSE:ENV) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

Other research analysts have also issued research reports about the stock. Raymond James boosted their target price on shares of Envestnet from $52.00 to $60.00 and gave the stock an outperform rating in a research report on Tuesday, April 2nd. Royal Bank of Canada lifted their price target on Envestnet from $47.00 to $56.00 and gave the stock a sector perform rating in a research report on Friday, February 23rd. William Blair reissued an outperform rating on shares of Envestnet in a research report on Wednesday, March 27th. JPMorgan Chase & Co. boosted their target price on shares of Envestnet from $44.00 to $45.00 and gave the stock a neutral rating in a research report on Friday, February 23rd. Finally, JMP Securities reiterated a market outperform rating and set a $79.00 target price on shares of Envestnet in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $63.67.

Envestnet Stock Performance

Shares of ENV opened at $62.96 on Thursday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 0.90. Envestnet has a 12 month low of $33.12 and a 12 month high of $68.83. The company’s fifty day moving average is $57.32 and its 200-day moving average is $49.43.

Envestnet (NYSE:ENV) last posted its earnings results on Thursday, February 22nd. The business services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.33 by $0.10. Envestnet had a negative net margin of 19.17% and a positive return on equity of 12.27%. The firm had revenue of $317.63 million for the quarter, compared to the consensus estimate of $312.24 million. Analysts predict that Envestnet will post 1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Envestnet news, Director Lauren Taylor Wolfe acquired 1,670 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $52.99 per share, for a total transaction of $88,493.30. Following the purchase, the director now owns 4,188,871 shares in the company, valued at approximately $221,968,274.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Matthew Majoros sold 700 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $56.92, for a total transaction of $39,844.00. Following the completion of the transaction, the insider now owns 15,212 shares in the company, valued at approximately $865,867.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Taylor Wolfe purchased 1,670 shares of the stock in a transaction on Friday, March 15th. The stock was bought at an average price of $52.99 per share, for a total transaction of $88,493.30. Following the completion of the transaction, the director now directly owns 4,188,871 shares of the company’s stock, valued at $221,968,274.29. The disclosure for this purchase can be found here. 8.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. YHB Investment Advisors Inc. bought a new stake in shares of Envestnet in the 1st quarter worth about $38,000. Headlands Technologies LLC bought a new stake in Envestnet during the third quarter worth about $45,000. Quest Partners LLC acquired a new stake in shares of Envestnet during the fourth quarter worth approximately $58,000. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Envestnet during the first quarter worth approximately $238,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Envestnet in the 4th quarter worth approximately $236,000.

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.