News headlines about Envestnet (NYSE:ENV) have trended very positive on Saturday, according to AlphaOne. AlphaOne, a division of Accern, scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Envestnet earned a coverage optimism score of 0.61 on AlphaOne’s scale. AlphaOne also assigned press coverage about the business services provider an impact score of 78 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Alpha One Sentiment’s scoring:
- America Apartment Communities Inc (MAA) Hit Record High (eleganthomesinla.com)
- Envestnet Asset Management Inc. Increases Position in Barnes Group, Inc (cfanespectaculos.com)
- Corporate Office Properties Trust (OFC) Position Cut by Envestnet Asset Management Inc. (lightwaveonline.com)
- (ENV) With Shares Trading unchanged at $37.40 Envestnet | Yodlee Unveils Personal… (highlightpress.com)
- Parametric Portfolio Associates LLC Boosts Position in Magellan Health, Inc. (MGLN) (campdesrecrues.com)
ENV has been the subject of a number of research reports. Zacks Investment Research lowered shares of Envestnet from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 25th. Royal Bank Of Canada reiterated a “hold” rating and set a $40.00 target price on shares of Envestnet in a research note on Thursday, May 11th. Jefferies Group LLC reiterated a “buy” rating and set a $48.00 target price on shares of Envestnet in a research note on Friday, March 24th. Finally, BidaskClub upgraded shares of Envestnet from a “hold” rating to a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $36.90.
Shares of Envestnet (NYSE ENV) traded up 0.13% during midday trading on Friday, hitting $38.15. 395,180 shares of the stock were exchanged. Envestnet has a 12 month low of $30.80 and a 12 month high of $41.47. The firm’s 50-day moving average is $36.11 and its 200-day moving average is $35.84. The stock’s market cap is $1.67 billion.
Envestnet (NYSE:ENV) last issued its earnings results on Wednesday, May 10th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Envestnet had a negative net margin of 9.55% and a positive return on equity of 5.86%. The firm had revenue of $157.80 million during the quarter, compared to analysts’ expectations of $155.56 million. During the same quarter last year, the company posted $0.18 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. Equities research analysts predict that Envestnet will post $1.26 earnings per share for the current year.
In related news, President William Crager sold 2,500 shares of the firm’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $31.33, for a total transaction of $78,325.00. Following the completion of the transaction, the president now owns 148,370 shares of the company’s stock, valued at $4,648,432.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles Roame bought 1,473 shares of Envestnet stock in a transaction that occurred on Wednesday, May 31st. The shares were acquired at an average cost of $35.38 per share, with a total value of $52,114.74. Following the acquisition, the director now owns 1,729 shares of the company’s stock, valued at $61,172.02. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 5,244 shares of company stock valued at $186,312 and have sold 17,755 shares valued at $579,847. Company insiders own 7.80% of the company’s stock.
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Envestnet, Inc is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.
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