Envestnet, Inc. (NYSE:ENV) Insider Sells $39,844.00 in Stock

Envestnet, Inc. (NYSE:ENV) insider Matthew Majoros sold 700 shares of Envestnet stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $56.92, for a total transaction of $39,844.00. Following the sale, the insider now owns 15,212 shares in the company, valued at $865,867.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Envestnet Stock Performance

Shares of ENV opened at $57.70 on Thursday. Envestnet, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $66.50. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The business’s 50-day moving average is $52.58 and its 200-day moving average is $46.59.

Envestnet (NYSE:ENV) last issued its earnings results on Thursday, February 22nd. The business services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. The company had revenue of $317.63 million for the quarter, compared to the consensus estimate of $312.24 million. Envestnet had a positive return on equity of 12.27% and a negative net margin of 19.17%. On average, analysts anticipate that Envestnet, Inc. will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ENV. DA Davidson lifted their price objective on shares of Envestnet from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Royal Bank of Canada lifted their target price on Envestnet from $47.00 to $56.00 and gave the stock a “sector perform” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. lifted their target price on Envestnet from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. StockNews.com raised Envestnet from a “sell” rating to a “hold” rating in a report on Monday. Finally, Raymond James lifted their target price on Envestnet from $46.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Envestnet presently has a consensus rating of “Moderate Buy” and an average target price of $62.83.

Institutional Investors Weigh In On Envestnet

Several large investors have recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in Envestnet during the third quarter worth approximately $45,000. McIlrath & Eck LLC boosted its position in Envestnet by 140.8% during the fourth quarter. McIlrath & Eck LLC now owns 802 shares of the business services provider’s stock worth $49,000 after purchasing an additional 469 shares during the period. Pinebridge Investments L.P. acquired a new position in shares of Envestnet during the second quarter worth approximately $56,000. Quest Partners LLC acquired a new position in shares of Envestnet during the fourth quarter worth approximately $58,000. Finally, State of Tennessee Treasury Department acquired a new position in shares of Envestnet during the second quarter worth approximately $59,000.

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.