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Envestnet (NYSE:ENV) COO Joshua Mayer unloaded 1,500 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $46.20, for a total transaction of $69,300.00. Following the completion of the transaction, the chief operating officer now directly owns 7 shares in the company, valued at approximately $323. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company. Envestnet currently has a consensus rating of “Buy” and a consensus target price of $47.00.

Envestnet (NYSE:ENV) traded down 1.01% during mid-day trading on Tuesday, hitting $45.93. The stock had a trading volume of 71,827 shares. 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 $45.8 and its 200-day moving average is $42.32. The company has a market cap of $1.569 billion and a P/E ratio of 201.74.

Envestnet (NYSE:ENV) last released its 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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