Insider Buying: Envestnet, Inc (ENV) Director Buys 238 Shares of Stock
Envestnet, Inc (NYSE:ENV) Director Charles Roame purchased 238 shares of Envestnet stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $43.06 per share, with a total value of $10,248.28. Following the completion of the transaction, the director now owns 1,729 shares in the company, valued at approximately $74,450.74. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Charles Roame also recently made the following trade(s):
- On Wednesday, May 31st, Charles Roame purchased 1,473 shares of Envestnet stock. The stock was bought at an average cost of $35.38 per share, with a total value of $52,114.74.
Envestnet, Inc (NYSE:ENV) traded up 2.53% on Tuesday, hitting $44.50. The stock had a trading volume of 309,918 shares. Envestnet, Inc has a 52-week low of $30.80 and a 52-week high of $45.17. The company’s market cap is $1.96 billion. The firm’s 50-day moving average is $39.42 and its 200-day moving average is $36.81.
Envestnet (NYSE:ENV) last released its earnings results on Tuesday, August 8th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.01. The company had revenue of $167.50 million during the quarter, compared to analysts’ expectations of $164.04 million. Envestnet had a negative net margin of 8.93% and a positive return on equity of 7.78%. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter last year, the business posted $0.21 earnings per share. Equities research analysts anticipate that Envestnet, Inc will post $1.27 earnings per share for the current fiscal year.
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Several research analysts have recently commented on ENV shares. Zacks Investment Research lowered Envestnet from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 25th. Royal Bank Of Canada reissued a “hold” rating and issued a $40.00 price target on shares of Envestnet in a research report on Thursday, May 11th. BidaskClub raised Envestnet from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. William Blair reissued a “buy” rating on shares of Envestnet in a research report on Wednesday, June 28th. Finally, DA Davidson started coverage on Envestnet in a research report on Thursday, July 6th. They issued a “neutral” rating and a $42.00 price target for the company. Four 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 price target of $45.50.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENV. Pioneer Investment Management Inc. bought a new position in Envestnet during the first quarter worth about $2,807,000. Parametric Portfolio Associates LLC raised its position in Envestnet by 116.6% in the first quarter. Parametric Portfolio Associates LLC now owns 77,580 shares of the business services provider’s stock worth $2,506,000 after buying an additional 41,761 shares during the period. CI Investments Inc. bought a new position in Envestnet during the first quarter worth about $194,000. Van Berkom & Associates Inc. raised its position in Envestnet by 24.9% in the first quarter. Van Berkom & Associates Inc. now owns 1,519,842 shares of the business services provider’s stock worth $49,091,000 after buying an additional 303,286 shares during the period. Finally, Henderson Group PLC raised its position in Envestnet by 20.2% in the first quarter. Henderson Group PLC now owns 609,126 shares of the business services provider’s stock worth $19,675,000 after buying an additional 102,216 shares during the period.
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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