Envestnet, Inc. (NYSE:ENV – Get Free Report) has been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $61.88.
Several research firms recently commented on ENV. DA Davidson reaffirmed a “neutral” rating and issued a $63.00 price target on shares of Envestnet in a research note on Wednesday, September 18th. Raymond James downgraded shares of Envestnet from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. StockNews.com began coverage on shares of Envestnet in a research note on Saturday, October 19th. They issued a “sell” rating on the stock. UBS Group reaffirmed a “neutral” rating and issued a $63.15 price target (down previously from $75.00) on shares of Envestnet in a research note on Tuesday, July 16th. Finally, William Blair reiterated a “market perform” rating on shares of Envestnet in a report on Thursday, July 11th.
Read Our Latest Stock Report on ENV
Institutional Trading of Envestnet
Envestnet Stock Performance
Shares of ENV opened at $62.79 on Friday. Envestnet has a twelve month low of $33.12 and a twelve month high of $73.04. The company has a market cap of $3.46 billion, a P/E ratio of -17.64 and a beta of 1.25. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.70. The company’s fifty day simple moving average is $62.71 and its 200-day simple moving average is $62.87.
Envestnet (NYSE:ENV – Get Free Report) last posted its quarterly earnings results on Friday, August 9th. The business services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.07). The company had revenue of $348.30 million during the quarter, compared to analysts’ expectations of $342.90 million. Envestnet had a positive return on equity of 17.02% and a negative net margin of 19.33%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 EPS. As a group, analysts expect that Envestnet will post 1.71 EPS for the current year.
Envestnet Company Profile
Envestnet, Inc, through its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through two segments: Envestnet Wealth Solutions and Envestnet Data & Analytics. The Envestnet Wealth Solutions segment offers Envestnet | Enterprise, an end-to-end open architecture wealth management platform, as well as offers data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Wealth Analytics that transforms data into actionable intelligence; Envestnet | Tamarac which provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry.
Recommended Stories
- Five stocks we like better than Envestnet
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- How to Calculate Options Profits
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- Investing In Automotive Stocks
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for Envestnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Envestnet and related companies with MarketBeat.com's FREE daily email newsletter.