Envestnet (NYSE:ENV) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, February 21st. Analysts expect the company to announce earnings of $0.43 per share for the quarter.
Shares of ENV stock opened at $56.27 on Thursday. The company has a market cap of $2.46 billion, a P/E ratio of 63.94, a price-to-earnings-growth ratio of 2.15 and a beta of 1.81. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 0.72. Envestnet has a 12 month low of $46.57 and a 12 month high of $64.80.
ENV has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Envestnet from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th. JMP Securities decreased their target price on shares of Envestnet from $76.00 to $67.00 and set a “market outperform” rating on the stock in a report on Tuesday, November 13th. UBS Group decreased their target price on shares of Envestnet from $67.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday, January 8th. DA Davidson raised shares of Envestnet from a “neutral” rating to a “buy” rating in a report on Thursday, November 8th. Finally, Rosenblatt Securities initiated coverage on shares of Envestnet in a report on Wednesday, December 5th. They set a “buy” rating and a $65.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Envestnet presently has an average rating of “Buy” and an average price target of $63.56.
In related news, COO Joshua Mayer sold 2,616 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $55.00, for a total transaction of $143,880.00. Following the sale, the chief operating officer now owns 32,616 shares of the company’s stock, valued at approximately $1,793,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anil Arora sold 567 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $54.74, for a total transaction of $31,037.58. Following the sale, the insider now directly owns 64,745 shares in the company, valued at approximately $3,544,141.30. The disclosure for this sale can be found here. Insiders have sold a total of 8,486 shares of company stock worth $461,056 in the last ninety days. 5.49% of the stock is currently owned by insiders.
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Envestnet, Inc, together with its subsidiaries, provides intelligent systems for wealth management and financial wellness in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee business segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.
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