Envestnet, Inc. (NYSE:ENV) Receives Average Recommendation of "Hold" from Analysts

Shares of Envestnet, Inc. (NYSE:ENV - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eight research firms that are currently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $61.88.

Several research firms have recently commented on ENV. StockNews.com started coverage on Envestnet in a report on Saturday. They issued a "sell" rating for the company. Raymond James downgraded shares of Envestnet from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 17th. UBS Group reiterated a "neutral" rating and issued a $63.15 target price (down from $75.00) on shares of Envestnet in a research note on Tuesday, July 16th. William Blair reissued a "market perform" rating on shares of Envestnet in a research report on Thursday, July 11th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $63.00 price objective on shares of Envestnet in a research report on Wednesday, September 18th.

Hedge Funds Weigh In On Envestnet

A number of hedge funds have recently bought and sold shares of ENV. Innealta Capital LLC bought a new stake in Envestnet during the second quarter worth $46,000. Quest Partners LLC increased its holdings in shares of Envestnet by 6,220.8% during the second quarter. Quest Partners LLC now owns 1,517 shares of the business services provider's stock worth $95,000 after buying an additional 1,493 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Envestnet in the 1st quarter valued at $168,000. Federated Hermes Inc. boosted its holdings in shares of Envestnet by 80.0% during the 2nd quarter. Federated Hermes Inc. now owns 2,700 shares of the business services provider's stock valued at $169,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in Envestnet during the 2nd quarter worth $191,000.

Envestnet Stock Up 0.0 %

Shares of ENV stock traded up $0.01 during trading on Friday, reaching $62.73. The company's stock had a trading volume of 171,530 shares, compared to its average volume of 685,309. Envestnet has a one year low of $33.12 and a one year high of $73.04. The business has a fifty day moving average price of $62.68 and a 200-day moving average price of $62.76. The company has a market cap of $3.46 billion, a price-to-earnings ratio of -17.62 and a beta of 1.25. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.70.

Envestnet (NYSE:ENV - Get Free Report) last posted its quarterly earnings data on Friday, August 9th. The business services provider reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.07). Envestnet had a positive return on equity of 17.02% and a negative net margin of 19.33%. The business had revenue of $348.30 million for the quarter, compared to analyst estimates of $342.90 million. During the same quarter in the prior year, the company earned $0.22 earnings per share. The company's quarterly revenue was up 11.5% on a year-over-year basis. Analysts anticipate that Envestnet will post 1.71 earnings per share for the current year.

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.