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Envestnet (NYSE:ENV) Director Charles Roame acquired 162 shares of the company’s stock on the open market in a transaction dated Monday, August 11th. The shares were purchased at an average cost of $45.71 per share, for a total transaction of $7,405.02. Following the acquisition, the director now directly owns 3,715 shares in the company, valued at approximately $169,813. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

A number of research firms have recently commented on ENV. 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $47.00.

Shares of Envestnet (NYSE:ENV) traded down 0.58% during mid-day trading on Thursday, hitting $46.46. 42,217 shares of the company’s stock traded hands. Envestnet has a 52-week low of $25.68 and a 52-week high of $50.38. The stock has a 50-day moving average of $46.1 and a 200-day moving average of $42.24. The company has a market cap of $1.605 billion and a price-to-earnings ratio of 203.17.

Envestnet (NYSE:ENV) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 64.0% on a year-over-year basis. 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.

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