Envestnet Inc (NYSE:ENV) has been given a consensus recommendation of “Hold” by the sixteen research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $78.09.
ENV has been the subject of a number of analyst reports. Sandler O’Neill upgraded Envestnet from a “hold” rating to a “buy” rating and upped their target price for the stock from $66.00 to $80.00 in a report on Wednesday, November 27th. Stifel Nicolaus upped their price target on Envestnet from $74.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Raymond James upped their price target on Envestnet from $83.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 21st. Piper Sandler reaffirmed a “neutral” rating and set a $80.00 price target on shares of Envestnet in a research report on Friday, February 21st. Finally, Compass Point downgraded Envestnet from a “buy” rating to a “neutral” rating and set a $75.00 price target on the stock. in a research report on Friday, February 21st. They noted that the move was a valuation call.
In related news, insider Shelly O’brien sold 4,500 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $73.11, for a total value of $328,995.00. Following the transaction, the insider now directly owns 23,395 shares of the company’s stock, valued at approximately $1,710,408.45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William Crager sold 9,094 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $71.55, for a total value of $650,675.70. Following the completion of the transaction, the chief executive officer now directly owns 232,078 shares in the company, valued at $16,605,180.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 165,238 shares of company stock worth $11,913,939. Insiders own 4.97% of the company’s stock.
Envestnet stock traded down $2.10 during mid-day trading on Friday, reaching $76.27. 380,900 shares of the company were exchanged, compared to its average volume of 421,566. The business has a fifty day moving average of $77.74 and a 200 day moving average of $66.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a market cap of $4.07 billion, a P/E ratio of -217.91 and a beta of 1.78. Envestnet has a 12-month low of $51.00 and a 12-month high of $87.75.
Envestnet Company Profile
Envestnet, Inc, together with its subsidiaries, provides intelligent systems for wealth management and financial wellness in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.
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