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Envestnet (NYSE:ENV) COO Joshua Mayer sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $46.20, for a total value of $69,300.00. Following the sale, the chief operating officer now directly owns 7 shares in the company, valued at approximately $323. The sale was disclosed in a 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $47.00.

Envestnet (NYSE:ENV) traded down 1.24% during mid-day trading on Thursday, hitting $44.58. 33,530 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 $45.71 and a 200-day moving average of $42.34. The company has a market cap of $1.523 billion and a price-to-earnings ratio of 196.26.

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. Analysts expect that Envestnet will post $0.74 EPS 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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