Envestnet Inc (NYSE:ENV) has earned an average rating of “Buy” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $55.33.

A number of research analysts have commented on ENV shares. Zacks Investment Research lowered shares of Envestnet from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Royal Bank of Canada restated a “hold” rating on shares of Envestnet in a research note on Monday, September 11th. JMP Securities lifted their price objective on shares of Envestnet from $48.00 to $56.00 and gave the company an “outperform” rating in a research note on Tuesday, September 26th. They noted that the move was a valuation call. William Blair restated an “ourperform” rating on shares of Envestnet in a research note on Tuesday, September 26th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $52.00 price objective on shares of Envestnet in a research note on Tuesday, September 26th.

Shares of Envestnet (NYSE:ENV) opened at $50.05 on Friday. Envestnet has a 1 year low of $30.80 and a 1 year high of $55.15. The firm has a market cap of $2,199.78, a price-to-earnings ratio of 63.65, a P/E/G ratio of 3.69 and a beta of 1.91. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.63.

Envestnet (NYSE:ENV) last posted its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $175.61 million for the quarter, compared to analyst estimates of $171.57 million. Envestnet had a negative net margin of 8.15% and a positive return on equity of 8.92%. Envestnet’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. equities analysts predict that Envestnet will post 0.9 EPS for the current year.

In other news, insider Anil Arora sold 16,418 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $50.00, for a total transaction of $820,900.00. Following the transaction, the insider now directly owns 56,175 shares in the company, valued at $2,808,750. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President William Crager sold 5,000 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $53.31, for a total transaction of $266,550.00. Following the transaction, the president now owns 150,555 shares in the company, valued at $8,026,087.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 258,074 shares of company stock worth $13,058,198. Company insiders own 7.80% of the company’s stock.

Institutional investors have recently modified their holdings of the company. D.A. Davidson & CO. increased its stake 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 worth $130,000 after acquiring an additional 379 shares during the period. Zions Bancorporation purchased a new stake in Envestnet during the third quarter worth about $181,000. Ameritas Investment Partners Inc. boosted its holdings in Envestnet by 5.7% during the second 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 in the last quarter. Personal Capital Advisors Corp purchased a new stake in Envestnet during the third quarter worth about $203,000. Finally, First Republic Investment Management Inc. purchased a new stake in Envestnet during the third quarter worth about $204,000. Institutional investors and hedge funds own 94.99% 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.

Analyst Recommendations for Envestnet (NYSE:ENV)

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