Wall Street analysts forecast that Envestnet, Inc (NYSE:ENV) will post $0.18 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Envestnet’s earnings. The lowest EPS estimate is $0.18 and the highest is $0.19. Envestnet reported earnings of $0.01 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 1,700%. The business is scheduled to report its next quarterly earnings report after the market closes on Tuesday, August 8th.

On average, analysts expect that Envestnet will report full-year earnings of $0.87 per share for the current fiscal year, with EPS estimates ranging from $0.82 to $0.92. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.12 per share, with EPS estimates ranging from $1.00 to $1.22. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Envestnet.

Envestnet (NYSE:ENV) last released its quarterly earnings data on Wednesday, May 10th. The business services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $157.80 million for the quarter, compared to the consensus estimate of $155.56 million. Envestnet had a negative net margin of 9.55% and a positive return on equity of 5.86%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 EPS.

A number of equities analysts have recently commented on the stock. BidaskClub cut shares of Envestnet from a “buy” rating to a “hold” rating in a report on Friday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 target price on shares of Envestnet in a report on Friday, July 14th. Zacks Investment Research raised shares of Envestnet from a “strong sell” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Tuesday, July 11th. DA Davidson assumed coverage on shares of Envestnet in a report on Thursday, July 6th. They issued a “neutral” rating and a $42.00 target price on the stock. Finally, William Blair reaffirmed a “buy” rating on shares of Envestnet in a report on Wednesday, June 28th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $43.60.

Envestnet (NYSE ENV) traded up 1.04% during mid-day trading on Friday, hitting $38.95. 98,499 shares of the stock traded hands. The company has a 50 day moving average of $38.82 and a 200-day moving average of $36.56. The stock’s market cap is $1.71 billion. Envestnet has a 12-month low of $30.80 and a 12-month high of $41.47.

In related news, insider Anil Arora sold 8,980 shares of Envestnet stock in a transaction on Monday, July 24th. The shares were sold at an average price of $40.00, for a total value of $359,200.00. Following the transaction, the insider now directly owns 68,609 shares in the company, valued at approximately $2,744,360. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Scott D. Grinis sold 15,000 shares of Envestnet stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $39.21, for a total transaction of $588,150.00. Following the completion of the transaction, the insider now owns 226,454 shares in the company, valued at $8,879,261.34. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 3,968 shares of company stock worth $145,287 and sold 32,972 shares worth $1,300,284. Company insiders own 7.80% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System raised its position in Envestnet by 0.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 25,092 shares of the business services provider’s stock worth $994,000 after buying an additional 138 shares during the period. Nisa Investment Advisors LLC raised its position in Envestnet by 1.5% in the second quarter. Nisa Investment Advisors LLC now owns 13,610 shares of the business services provider’s stock worth $489,000 after buying an additional 200 shares during the period. Legal & General Group Plc raised its position in Envestnet by 3.9% in the second quarter. Legal & General Group Plc now owns 15,612 shares of the business services provider’s stock worth $616,000 after buying an additional 592 shares during the period. Ashford Capital Management Inc. raised its position in Envestnet by 0.3% in the first quarter. Ashford Capital Management Inc. now owns 234,429 shares of the business services provider’s stock worth $7,572,000 after buying an additional 668 shares during the period. Finally, Teachers Advisors LLC raised its position in Envestnet by 1.1% in the fourth quarter. Teachers Advisors LLC now owns 67,770 shares of the business services provider’s stock worth $2,389,000 after buying an additional 741 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

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Envestnet Company Profile

Envestnet, Inc is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.

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