Envestnet (NYSE:ENV) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Envestnet (NYSE:ENV - Free Report) in a research note issued to investors on Tuesday. The firm issued a sell rating on the business services provider's stock.

ENV has been the topic of several other research reports. Raymond James cut Envestnet from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 17th. DA Davidson reissued a "neutral" rating and issued a $63.00 target price on shares of Envestnet in a research note on Wednesday, September 18th. Finally, UBS Group reissued a "neutral" rating and issued a $63.15 target price (down previously from $75.00) on shares of Envestnet in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $61.88.

Envestnet Price Performance

Envestnet stock traded down $0.06 during mid-day trading on Tuesday, hitting $62.92. 801,062 shares of the company were exchanged, compared to its average volume of 677,353. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.70. The business has a fifty day moving average of $62.72 and a 200 day moving average of $63.10. Envestnet has a 1-year low of $33.12 and a 1-year high of $73.04. The company has a market capitalization of $3.48 billion, a PE ratio of -13.19 and a beta of 1.25.

Envestnet (NYSE:ENV - Get Free Report) last announced its earnings results on Friday, August 9th. The business services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.07). The business had revenue of $348.30 million for the quarter, compared to the consensus estimate of $342.90 million. Envestnet had a positive return on equity of 20.32% and a negative net margin of 19.56%. Envestnet's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 EPS. As a group, sell-side analysts expect that Envestnet will post 1.71 earnings per share for the current year.

Institutional Trading of Envestnet

Institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in Envestnet by 45.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 154,843 shares of the business services provider's stock valued at $8,968,000 after purchasing an additional 48,057 shares during the period. UniSuper Management Pty Ltd acquired a new position in Envestnet in the 1st quarter valued at $762,000. Natixis Advisors LLC acquired a new position in Envestnet in the 2nd quarter valued at $718,000. Dimensional Fund Advisors LP raised its holdings in Envestnet by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,039,402 shares of the business services provider's stock valued at $65,057,000 after acquiring an additional 73,751 shares in the last quarter. Finally, ClariVest Asset Management LLC acquired a new position in shares of Envestnet during the 2nd quarter worth $2,482,000.

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.