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Envestnet (NYSE:ENV) Director Charles Roame purchased 162 shares of the stock on the open market in a transaction that occurred on Monday, August 11th. The shares were purchased at an average cost of $45.71 per share, with a total value of $7,405.02. Following the purchase, the director now directly owns 3,715 shares of the company’s stock, valued at approximately $169,813. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, 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 analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $47.00.

Shares of Envestnet (NYSE:ENV) traded up 0.15% on Friday, hitting $46.31. The stock had a trading volume of 41,104 shares. Envestnet has a 1-year low of $25.68 and a 1-year high of $50.38. The stock has a 50-day moving average of $46.10 and a 200-day moving average of $42.27. The company has a market cap of $1.582 billion and a P/E ratio of 201.04.

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

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