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Stock analysts at Raymond James assumed coverage on shares of Financial Engines (NASDAQ:FNGN) in a report issued on Tuesday, reports. The firm set an “underperform” rating on the stock.

Financial Engines (NASDAQ:FNGN) opened at 45.28 on Tuesday. Financial Engines has a one year low of $37.14 and a one year high of $71.08. The stock has a 50-day moving average of $43.7 and a 200-day moving average of $53.77. The company has a market cap of $2.330 billion and a P/E ratio of 77.70.

Financial Engines (NASDAQ:FNGN) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.02. The company had revenue of $65.90 million for the quarter, compared to the consensus estimate of $67.28 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, analysts predict that Financial Engines will post $0.91 earnings per share for the current fiscal year.

In other Financial Engines news, CEO Jeffrey Nacey Maggioncalda unloaded 15,000 shares of Financial Engines stock on the open market in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $47.99, for a total transaction of $719,850.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet downgraded shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Separately, analysts at Sidoti upgraded shares of Financial Engines from a “neutral” rating to a “buy” rating in a research note on Friday, May 16th. Finally, analysts at Needham & Company LLC cut their price target on shares of Financial Engines from $66.00 to $52.00 in a research note on Wednesday, May 7th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $56.00.

Financial Engines, Inc (NASDAQ:FNGN) is a provider of portfolio management services, investment advice and retirement income services to participants in employer-sponsored defined contribution plans, such as 401(k) plans.

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