Envestnet (NYSE:ENV) will be announcing its earnings results after the market closes on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.39 per share for the quarter.
Envestnet (NYSE ENV) opened at $53.80 on Thursday. Envestnet has a 12 month low of $30.80 and a 12 month high of $55.45. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $2,380.00, a PE ratio of -43.39, a price-to-earnings-growth ratio of 2.62 and a beta of 1.96.
Several research analysts have commented on ENV shares. Zacks Investment Research downgraded Envestnet from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Royal Bank of Canada restated a “hold” rating on shares of Envestnet in a research note on Tuesday, November 7th. UBS Group cut their target price on Envestnet from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 17th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $62.00 target price (up previously from $52.00) on shares of Envestnet in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $55.00.
In other news, insider Shelly O’brien sold 1,500 shares of Envestnet stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $48.13, for a total transaction of $72,195.00. Following the completion of the sale, the insider now owns 37,686 shares in the company, valued at approximately $1,813,827.18. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Anil Arora sold 10,000 shares of Envestnet stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $53.88, for a total value of $538,800.00. Following the sale, the insider now owns 110,731 shares of the company’s stock, valued at approximately $5,966,186.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 217,694 shares of company stock valued at $10,985,216. Corporate 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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