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Analysts at Stifel Nicolaus boosted their price objective on shares of Envestnet (NYSE:ENV) from $45.00 to $57.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 16.61% from the stock’s previous close.

A number of other analysts have also recently weighed in on ENV. Analysts at Raymond James initiated coverage on shares of Envestnet in a research note on Tuesday, June 24th. They set an “outperform” rating and a $54.00 price target on the stock. Analysts at Sandler O’Neill cut their price target on shares of Envestnet from $45.00 to $38.00 in a research note on Friday, May 9th. They now have a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $47.00.

Shares of Envestnet (NYSE:ENV) opened at 48.88 on Wednesday. Envestnet has a 1-year low of $24.58 and a 1-year high of $50.38. The stock has a 50-day moving average of $43.74 and a 200-day moving average of $41.40. The company has a market cap of $1.664 billion and a price-to-earnings ratio of 305.75.

Envestnet (NYSE:ENV) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.02. The company had revenue of $78.50 million for the quarter, compared to the consensus estimate of $77.64 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 67.7% on a year-over-year basis. Analysts expect that Envestnet will post $0.74 EPS for the current fiscal year.

Envestnet, Inc (NYSE:ENV) is a provider of wealth management solutions to financial advisors and institutions.

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