Analysts Set Envestnet, Inc. (NYSE:ENV) PT at $61.88

Shares of Envestnet, Inc. (NYSE:ENV - Get Free Report) have been given a consensus rating of "Hold" by the eight analysts that are currently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $61.88.

Several brokerages recently issued reports on ENV. UBS Group reissued a "neutral" rating and set a $63.15 target price (down from $75.00) on shares of Envestnet in a research note on Tuesday, July 16th. Raymond James downgraded shares of Envestnet from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 17th. StockNews.com began coverage on shares of Envestnet in a research report on Tuesday. They issued a "sell" rating on the stock. Finally, DA Davidson reissued a "neutral" rating and issued a $63.00 price objective on shares of Envestnet in a research note on Wednesday, September 18th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Innealta Capital LLC bought a new stake in shares of Envestnet in the 2nd quarter worth approximately $46,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Envestnet in the third quarter valued at $71,000. Quest Partners LLC lifted its position in shares of Envestnet by 6,220.8% during the 2nd quarter. Quest Partners LLC now owns 1,517 shares of the business services provider's stock valued at $95,000 after buying an additional 1,493 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Envestnet during the 1st quarter worth $168,000. Finally, Federated Hermes Inc. increased its holdings in Envestnet by 80.0% in the 2nd quarter. Federated Hermes Inc. now owns 2,700 shares of the business services provider's stock worth $169,000 after acquiring an additional 1,200 shares during the last quarter.

Envestnet Stock Up 0.1 %

NYSE ENV traded up $0.05 during trading hours on Wednesday, hitting $62.97. 702,659 shares of the company's stock were exchanged, compared to its average volume of 677,469. Envestnet has a 1-year low of $34.87 and a 1-year high of $73.04. The company has a current ratio of 0.59, a quick ratio of 1.14 and a debt-to-equity ratio of 1.07. The stock has a 50-day simple moving average of $62.72 and a 200 day simple moving average of $63.10.

About Envestnet

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.