Share on StockTwits

Envestnet (NYSE:ENV) CFO Peter D’arrigo sold 9,063 shares of Envestnet stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $46.89, for a total transaction of $424,964.07. Following the sale, the chief financial officer now directly owns 2,064 shares of the company’s stock, valued at approximately $96,781. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Envestnet (NYSE:ENV) traded down 1.28% during mid-day trading on Friday, hitting $45.65. 158,576 shares of the company’s stock traded hands. Envestnet has a one year low of $25.68 and a one year high of $50.38. The stock’s 50-day moving average is $46.10 and its 200-day moving average is $42.27. The company has a market cap of $1.559 billion and a price-to-earnings ratio of 201.04.

Envestnet (NYSE:ENV) last announced its earnings results 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 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.

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 issued a buy rating to the company’s stock. Envestnet has a consensus rating of “Buy” and a consensus price target of $47.00.

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.