Media headlines about Envestnet (NYSE:ENV) have trended positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Envestnet earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 44.6193056565361 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Envestnet, Inc (ENV) Upgraded to “Buy” at Zacks Investment Research (americanbankingnews.com)
- Envestnet, Inc (ENV) Receives “Buy” Rating from UBS AG (americanbankingnews.com)
- Royal Bank Of Canada Reiterates Hold Rating for Envestnet, Inc (ENV) (americanbankingnews.com)
- eMoney — with an immense Fidelity presence — pulls out stops to debut RIA robo AMP, which shared buzz bandwidth with Envestnet M&A (riabiz.com)
Shares of Envestnet (ENV) opened at 54.00 on Wednesday. The firm’s market cap is $2.38 billion. Envestnet has a 52 week low of $30.80 and a 52 week high of $54.90. The firm has a 50-day moving average price of $47.59 and a 200-day moving average price of $39.79.
Envestnet (NYSE:ENV) last posted its earnings results on Tuesday, August 8th. The business services provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Envestnet had a positive return on equity of 7.78% and a negative net margin of 8.93%. The firm had revenue of $167.50 million for the quarter, compared to analysts’ expectations of $164.04 million. During the same quarter last year, the company posted $0.21 EPS. The firm’s revenue was up 18.0% on a year-over-year basis. On average, equities research analysts predict that Envestnet will post $1.29 earnings per share for the current year.
A number of brokerages have recently issued reports on ENV. Stifel Nicolaus reaffirmed a “buy” rating and set a $52.00 target price (up previously from $45.00) on shares of Envestnet in a research note on Thursday, August 10th. Zacks Investment Research cut Envestnet from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Raymond James Financial, Inc. raised their target price on Envestnet from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. DA Davidson began coverage on Envestnet in a research note on Thursday, July 6th. They set a “neutral” rating and a $42.00 target price for the company. Finally, UBS AG reaffirmed a “buy” rating and set a $63.00 target price (up previously from $50.00) on shares of Envestnet in a research note on Monday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Envestnet presently has an average rating of “Buy” and an average target price of $52.25.
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In related news, insider Anil Arora sold 16,418 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $50.00, for a total value of $820,900.00. Following the sale, the insider now owns 56,175 shares in the company, valued at approximately $2,808,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gayle A. Crowell sold 746 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $51.20, for a total value of $38,195.20. Following the completion of the sale, the director now owns 801 shares in the company, valued at approximately $41,011.20. The disclosure for this sale can be found here. Insiders have sold a total of 40,944 shares of company stock worth $1,933,230 in the last quarter. Company insiders own 5.58% of the company’s stock.
Envestnet Company Profile
Envestnet, Inc is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.
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