Envestnet Inc (NYSE:ENV) insider William Crager sold 18,500 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $58.13, for a total value of $1,075,405.00. Following the completion of the sale, the insider now owns 243,512 shares of the company’s stock, valued at $14,155,352.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
ENV traded down $0.23 during trading hours on Thursday, reaching $55.19. The company’s stock had a trading volume of 1,572 shares, compared to its average volume of 417,481. Envestnet Inc has a fifty-two week low of $46.57 and a fifty-two week high of $73.94. The stock has a market cap of $2.89 billion, a PE ratio of 44.41, a PEG ratio of 2.71 and a beta of 1.67. The business has a 50-day moving average of $68.63. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.60.
Envestnet (NYSE:ENV) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Envestnet had a negative net margin of 1.72% and a positive return on equity of 10.18%. The business had revenue of $227.90 million during the quarter, compared to analyst estimates of $225.34 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Envestnet Inc will post 1.31 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Envestnet by 9.4% in the second quarter. Vanguard Group Inc. now owns 4,491,058 shares of the business services provider’s stock valued at $307,053,000 after acquiring an additional 384,026 shares during the last quarter. Wasatch Advisors Inc. lifted its stake in Envestnet by 0.6% during the first quarter. Wasatch Advisors Inc. now owns 2,309,363 shares of the business services provider’s stock worth $151,009,000 after purchasing an additional 13,688 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in Envestnet by 0.4% during the second quarter. Stephens Investment Management Group LLC now owns 915,377 shares of the business services provider’s stock worth $62,584,000 after purchasing an additional 3,676 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Envestnet by 0.3% during the first quarter. Clearbridge Investments LLC now owns 912,274 shares of the business services provider’s stock worth $59,654,000 after purchasing an additional 3,142 shares in the last quarter. Finally, Champlain Investment Partners LLC lifted its stake in Envestnet by 21.1% during the first quarter. Champlain Investment Partners LLC now owns 766,335 shares of the business services provider’s stock worth $50,111,000 after purchasing an additional 133,585 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.
A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered Envestnet from an “overweight” rating to a “neutral” rating and upped their price target for the company from $71.00 to $73.00 in a research report on Thursday, May 9th. ValuEngine lowered Envestnet from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. TheStreet lowered Envestnet from a “b” rating to a “c+” rating in a research report on Thursday, May 9th. Zacks Investment Research lowered Envestnet from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Royal Bank of Canada upped their price target on Envestnet to $71.00 and gave the company a “sector perform” rating in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $73.30.
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 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.
See Also: Trading on Margin
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.