Envestnet Inc (NYSE:ENV) Director Gayle A. Crowell sold 746 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $54.85, for a total value of $40,918.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Envestnet Inc (NYSE ENV) traded up $1.05 during trading hours on Wednesday, reaching $59.00. 243,936 shares of the company were exchanged, compared to its average volume of 253,991. The company has a market capitalization of $2,623.11, a P/E ratio of -589.94, a price-to-earnings-growth ratio of 2.95 and a beta of 1.86. Envestnet Inc has a 52 week low of $30.80 and a 52 week high of $59.70. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55.
Envestnet (NYSE:ENV) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The company had revenue of $182.86 million during the quarter, compared to the consensus estimate of $179.20 million. Envestnet had a negative net margin of 0.48% and a positive return on equity of 9.93%. Envestnet’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 earnings per share. equities analysts anticipate that Envestnet Inc will post 1.33 earnings per share for the current fiscal year.
ENV has been the subject of a number of research reports. Zacks Investment Research lowered Envestnet from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. UBS Group lowered their price target on Envestnet from $63.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 17th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $55.00.
A number of large investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB acquired a new position in shares of Envestnet during the fourth quarter worth $225,000. Envestnet Asset Management Inc. increased its position in shares of Envestnet by 152.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 6,850 shares of the business services provider’s stock worth $341,000 after purchasing an additional 4,139 shares in the last quarter. Ashford Capital Management Inc. increased its position in shares of Envestnet by 32.7% during the fourth quarter. Ashford Capital Management Inc. now owns 320,340 shares of the business services provider’s stock worth $15,969,000 after purchasing an additional 78,882 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of Envestnet during the fourth quarter worth $1,007,000. Finally, Gotham Asset Management LLC acquired a new position in shares of Envestnet during the fourth quarter worth $585,000. 93.21% of the stock is owned by institutional investors.
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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