Share on StockTwits

Envestnet (NYSE:ENV) General Counsel Shelly O’brien sold 5,000 shares of Envestnet stock on the open market in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $46.00, for a total value of $230,000.00. Following the sale, the general counsel now directly owns 1,566 shares in the company, valued at approximately $72,036. The sale was disclosed in a filing with the SEC, which is available at this link.

Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Envestnet from $45.00 to $57.00 in a research note on Wednesday, July 2nd. They now have a “buy” rating on the stock. 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Envestnet presently has an average rating of “Buy” and a consensus price target of $47.00.

Envestnet (NYSE:ENV) traded up 1.59% on Wednesday, hitting $46.73. The stock had a trading volume of 157,482 shares. Envestnet has a one year low of $25.68 and a one year high of $50.38. The stock has a 50-day moving average of $46.22 and a 200-day moving average of $42.21. The company has a market cap of $1.614 billion and a P/E ratio of 200.00.

Envestnet (NYSE:ENV) last released its earnings data on Wednesday, August 6th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.01. The company had revenue of $84.80 million for the quarter, compared to the consensus estimate of $81.76 million. During the same quarter last year, the company posted $0.13 earnings per share. Envestnet’s revenue was up 64.0% compared to the same quarter last year. On average, analysts predict that Envestnet will post $0.74 earnings per share for the current fiscal year.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.