Very Favorable Media Coverage Somewhat Unlikely to Impact Envestnet (ENV) Stock Price

Headlines about Envestnet (NYSE:ENV) have been trending very positive this week, Accern reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Envestnet earned a daily sentiment score of 0.60 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 48.6195301263686 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

Several research analysts have recently weighed in on ENV shares. Zacks Investment Research cut shares of Envestnet from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. ValuEngine upgraded shares of Envestnet from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Sandler O’Neill reiterated a “hold” rating and set a $56.00 price target on shares of Envestnet in a research note on Tuesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $55.11.

Shares of Envestnet stock opened at $52.90 on Friday. The firm has a market cap of $2.47 billion, a PE ratio of 60.11, a price-to-earnings-growth ratio of 3.07 and a beta of 1.77. Envestnet has a 1-year low of $35.10 and a 1-year high of $60.28. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.86 and a current ratio of 0.86.

Envestnet (NYSE:ENV) last issued its quarterly earnings results on Wednesday, May 9th. The business services provider reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Envestnet had a net margin of 2.48% and a return on equity of 10.66%. The business had revenue of $198.00 million for the quarter, compared to analysts’ expectations of $194.00 million. During the same quarter last year, the company posted $0.25 EPS. The company’s revenue was up 25.5% compared to the same quarter last year. equities analysts expect that Envestnet will post 1.25 EPS for the current fiscal year.

In related news, CTO Scott D. Grinis sold 40,000 shares of Envestnet stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $59.75, for a total transaction of $2,390,000.00. Following the transaction, the chief technology officer now owns 205,340 shares in the company, valued at approximately $12,269,065. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Joshua Mayer sold 6,743 shares of Envestnet stock in a transaction on Friday, March 16th. The shares were sold at an average price of $57.88, for a total transaction of $390,284.84. Following the transaction, the chief operating officer now owns 49,089 shares in the company, valued at approximately $2,841,271.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,345 shares of company stock worth $3,258,358. 7.80% of the stock is owned by corporate insiders.

About Envestnet

Envestnet, Inc, together with its subsidiaries, provides financial and wealth management software and services in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee business segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, and sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides a portfolio of accounting, rebalancing, trading, performance reporting, and client relationship management software, primarily to high-end registered investment advisers; Envestnet | Retirement Solutions, which offers a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provides research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.

Insider Buying and Selling by Quarter for Envestnet (NYSE:ENV)

Receive News & Ratings for Envestnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Envestnet and related companies with's FREE daily email newsletter.

Leave a Reply