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.

Several institutional investors and hedge funds have recently bought and sold shares of ENV. D.A. Davidson & CO. increased its holdings in shares of Envestnet by 13.0% during the second quarter. D.A. Davidson & CO. now owns 3,286 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 379 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in Envestnet by 5.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,782 shares of the business services provider’s stock worth $150,000 after buying an additional 204 shares during the period. Zions Bancorporation acquired a new position in Envestnet in the 3rd quarter worth approximately $181,000. Personal Capital Advisors Corp acquired a new position in Envestnet in the 3rd quarter worth approximately $203,000. Finally, BNP Paribas Arbitrage SA increased its holdings in Envestnet by 525.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,151 shares of the business services provider’s stock worth $204,000 after buying an additional 4,328 shares during the period. Hedge funds and other institutional investors own 94.99% of the company’s stock.

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.

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

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