Envestnet, Inc (NYSE:ENV) Director Gayle A. Crowell sold 746 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $53.60, for a total transaction of $39,985.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Envestnet, Inc (NYSE ENV) traded down $0.10 during mid-day trading on Friday, reaching $52.85. 129,187 shares of the company traded hands, compared to its average volume of 225,685. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 75.63, a price-to-earnings-growth ratio of 4.04 and a beta of 1.97. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.55.

Envestnet (NYSE:ENV) last released its earnings results on Tuesday, August 8th. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Envestnet had a negative net margin of 8.93% and a positive return on equity of 7.78%. The business had revenue of $167.50 million for the quarter, compared to analyst estimates of $164.04 million. During the same period in the prior year, the company earned $0.21 earnings per share. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. sell-side analysts predict that Envestnet, Inc will post 0.89 earnings per share for the current year.

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ENV has been the subject of several recent analyst reports. DA Davidson initiated coverage on shares of Envestnet in a report on Thursday, July 6th. They issued a “neutral” rating and a $42.00 price objective for the company. Zacks Investment Research upgraded shares of Envestnet from a “strong sell” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Tuesday, July 11th. Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 price objective on shares of Envestnet in a report on Friday, July 14th. BidaskClub cut shares of Envestnet from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, Raymond James Financial, Inc. increased their price objective on shares of Envestnet from $44.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $54.38.

Several large investors have recently modified their holdings of the stock. 1st Global Advisors Inc. lifted its position in shares of Envestnet by 1.1% in the 2nd quarter. 1st Global Advisors Inc. now owns 8,819 shares of the business services provider’s stock valued at $349,000 after acquiring an additional 100 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Envestnet by 0.6% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 25,092 shares of the business services provider’s stock valued at $994,000 after acquiring an additional 138 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Envestnet by 1.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 13,610 shares of the business services provider’s stock valued at $489,000 after acquiring an additional 200 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Envestnet by 5.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,782 shares of the business services provider’s stock valued at $150,000 after acquiring an additional 204 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Envestnet by 0.9% in the 2nd quarter. California Public Employees Retirement System now owns 34,906 shares of the business services provider’s stock valued at $1,382,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 95.69% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Envestnet (NYSE:ENV)

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