Envestnet Inc (ENV) Director Gayle A. Crowell Sells 746 Shares
Envestnet Inc (NYSE:ENV) Director Gayle A. Crowell sold 746 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $48.90, for a total transaction of $36,479.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Envestnet Inc (NYSE:ENV) traded up $0.65 on Tuesday, hitting $49.15. 350,681 shares of the stock traded hands, compared to its average volume of 269,806. Envestnet Inc has a 12-month low of $30.80 and a 12-month high of $55.15. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $2,151.05, a P/E ratio of 62.24, a P/E/G ratio of 3.60 and a beta of 1.91.
Envestnet (NYSE:ENV) last posted its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.02. Envestnet had a negative net margin of 8.15% and a positive return on equity of 8.92%. The firm had revenue of $175.61 million for the quarter, compared to the consensus estimate of $171.57 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. research analysts expect that Envestnet Inc will post 0.9 EPS for the current fiscal year.
A number of analysts recently weighed in on ENV shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Envestnet in a research note on Tuesday, September 26th. Raymond James Financial boosted their target price on shares of Envestnet from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Jefferies Group boosted their target price on shares of Envestnet from $47.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Envestnet from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Tuesday, October 10th. Finally, UBS reiterated a “buy” rating and issued a $63.00 target price (up from $50.00) on shares of Envestnet in a report on Monday, October 9th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $55.13.
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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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