Envestnet (NYSE:ENV) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $2.05-2.12 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.07. The company issued revenue guidance of $868-880 million, compared to the consensus revenue estimate of $886.61 million.Envestnet also updated its FY19 guidance to $2.05-2.12 EPS.
A number of brokerages have recently issued reports on ENV. Rosenblatt Securities began coverage on Envestnet in a research report on Wednesday, December 5th. They set a buy rating and a $65.00 price objective for the company. ValuEngine downgraded Envestnet from a buy rating to a hold rating in a research report on Friday, January 4th. Zacks Investment Research downgraded Envestnet from a hold rating to a sell rating in a research report on Wednesday, January 16th. Buckingham Research began coverage on Envestnet in a research report on Thursday, January 10th. They set a buy rating and a $63.00 price objective for the company. Finally, UBS Group lowered their price objective on Envestnet from $67.00 to $64.00 and set a buy rating for the company in a research report on Tuesday, January 8th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Envestnet has an average rating of Buy and a consensus target price of $63.56.
ENV stock traded down $0.89 during mid-day trading on Thursday, reaching $55.56. The company’s stock had a trading volume of 311,908 shares, compared to its average volume of 209,698. The company has a market cap of $2.60 billion, a P/E ratio of 63.14, a PEG ratio of 2.27 and a beta of 1.81. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 0.72. Envestnet has a 12 month low of $46.57 and a 12 month high of $64.80.
In other Envestnet news, insider Anil Arora sold 5,117 shares of the firm’s stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $53.92, for a total value of $275,908.64. Following the completion of the sale, the insider now owns 65,312 shares of the company’s stock, valued at $3,521,623.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joshua Mayer sold 2,616 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $55.00, for a total value of $143,880.00. Following the completion of the sale, the chief operating officer now directly owns 32,616 shares of the company’s stock, valued at approximately $1,793,880. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,486 shares of company stock valued at $461,056. 5.49% of the stock is currently owned by corporate insiders.
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Envestnet, Inc, together with its subsidiaries, provides intelligent systems for wealth management and financial wellness 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, as well as sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide 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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