Media stories about Envestnet (NYSE:ENV) have trended positive recently, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Envestnet earned a media sentiment score of 0.34 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 47.7001507355147 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Moneyball for financial advisers (investmentnews.com)
- What Investors Should Know About Envestnet Inc’s (NYSE:ENV) Financial Strength (finance.yahoo.com)
- Zacks: Analysts Expect Envestnet Inc (ENV) Will Announce Quarterly Sales of $199.32 Million (americanbankingnews.com)
- Actua Announces Liquidating Distribution Following Receipt of Proceeds from FolioDynamix SaleCompany will distribute $0.43 per share to stockholders (markets.businessinsider.com)
Shares of Envestnet opened at $56.50 on Tuesday, according to Marketbeat Ratings. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.92. Envestnet has a 1 year low of $37.40 and a 1 year high of $60.28. The company has a market cap of $2.63 billion, a P/E ratio of 64.20, a PEG ratio of 3.29 and a beta of 1.70.
Envestnet (NYSE:ENV) last issued its earnings results on Wednesday, May 9th. The business services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Envestnet had a return on equity of 10.66% and a net margin of 2.48%. The company had revenue of $198.00 million for the quarter, compared to analyst estimates of $194.00 million. During the same period in the prior year, the firm earned $0.25 earnings per share. Envestnet’s revenue for the quarter was up 25.5% on a year-over-year basis. sell-side analysts anticipate that Envestnet will post 1.24 earnings per share for the current year.
Several research firms have recently commented on ENV. Zacks Investment Research upgraded shares of Envestnet from a “sell” rating to a “hold” rating in a research report on Monday, June 11th. ValuEngine upgraded shares of Envestnet from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $56.00 price target on shares of Envestnet in a research report on Tuesday, April 10th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $55.11.
In other news, insider Shelly O’brien sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $54.23, for a total transaction of $216,920.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gayle A. Crowell sold 2,934 shares of the company’s stock in a transaction that occurred on Tuesday, May 29th. The stock was sold at an average price of $54.35, for a total value of $159,462.90. The disclosure for this sale can be found here. Insiders have sold 12,045 shares of company stock worth $663,021 over the last ninety days. 5.49% of the stock is owned by insiders.
Envestnet, Inc, together with its subsidiaries, provides financial and wealth management software and services in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee business segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, and sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides a portfolio of accounting, rebalancing, trading, performance reporting, and client relationship management software, primarily to high-end registered investment advisers; Envestnet | Retirement Solutions, which offers a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provides research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.
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