Envestnet, Inc. (NYSE:ENV) Short Interest Update

Envestnet, Inc. (NYSE:ENV - Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 3,960,000 shares, a drop of 5.9% from the May 15th total of 4,210,000 shares. Based on an average trading volume of 517,600 shares, the short-interest ratio is currently 7.7 days. Approximately 7.3% of the shares of the stock are short sold.

Envestnet Trading Up 0.0 %

Shares of ENV stock traded up $0.01 during trading on Tuesday, hitting $61.83. 488,330 shares of the stock traded hands, compared to its average volume of 484,716. The firm has a market capitalization of $3.41 billion, a P/E ratio of -17.37 and a beta of 1.28. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.19 and a quick ratio of 1.19. The firm's fifty day moving average price is $63.80 and its 200-day moving average price is $55.73. Envestnet has a 52-week low of $33.12 and a 52-week high of $73.04.

Envestnet (NYSE:ENV - Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $324.95 million for the quarter, compared to analyst estimates of $324.85 million. Envestnet had a negative net margin of 15.33% and a positive return on equity of 14.75%. As a group, research analysts forecast that Envestnet will post 1.78 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Matthew Majoros sold 700 shares of the firm's stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $56.92, for a total transaction of $39,844.00. Following the sale, the insider now directly owns 15,212 shares in the company, valued at approximately $865,867.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.90% of the company's stock.

Institutional Trading of Envestnet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its stake in shares of Envestnet by 20,229.7% in the fourth quarter. Hsbc Holdings PLC now owns 1,824,997 shares of the business services provider's stock worth $90,027,000 after acquiring an additional 1,816,020 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Envestnet by 12.9% in the fourth quarter. Vanguard Group Inc. now owns 6,015,454 shares of the business services provider's stock worth $297,885,000 after acquiring an additional 687,202 shares in the last quarter. Norges Bank acquired a new position in shares of Envestnet in the fourth quarter worth $25,319,000. Schroder Investment Management Group acquired a new position in shares of Envestnet during the fourth quarter worth $21,829,000. Finally, One Fin Capital Management LP acquired a new position in shares of Envestnet during the fourth quarter worth $14,336,000.

Analyst Ratings Changes

Several research firms recently issued reports on ENV. StockNews.com upgraded Envestnet from a "sell" rating to a "hold" rating in a report on Friday, May 10th. Royal Bank of Canada lifted their price objective on Envestnet from $56.00 to $64.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 8th. William Blair reiterated an "outperform" rating on shares of Envestnet in a report on Wednesday, March 27th. DA Davidson raised their target price on shares of Envestnet from $62.00 to $67.00 and gave the stock a "buy" rating in a research note on Tuesday, April 2nd. Finally, JMP Securities reissued a "market outperform" rating and issued a $79.00 target price on shares of Envestnet in a research note on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.14.

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.