Envestnet Inc (NYSE:ENV) COO Joshua Mayer sold 150 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $72.67, for a total transaction of $10,900.50. Following the completion of the transaction, the chief operating officer now owns 18,617 shares of the company’s stock, valued at approximately $1,352,897.39. The sale was disclosed in a filing with the SEC, which is available at this link.
Joshua Mayer also recently made the following trade(s):
- On Friday, November 8th, Joshua Mayer sold 150 shares of Envestnet stock. The shares were sold at an average price of $63.81, for a total transaction of $9,571.50.
ENV stock opened at $73.28 on Friday. The company has a fifty day moving average price of $70.76 and a 200 day moving average price of $64.77. Envestnet Inc has a 12 month low of $49.39 and a 12 month high of $74.19. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 60.35 and a beta of 1.74. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.46 and a quick ratio of 0.46.
Envestnet (NYSE:ENV) last released its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. Envestnet had a negative net margin of 2.35% and a positive return on equity of 8.44%. The firm had revenue of $236.08 million during the quarter, compared to the consensus estimate of $233.02 million. During the same quarter in the prior year, the firm earned $0.53 EPS. Envestnet’s revenue for the quarter was up 16.2% on a year-over-year basis. As a group, analysts anticipate that Envestnet Inc will post 1.33 earnings per share for the current year.
Several research analysts have recently issued reports on the stock. Sandler O’Neill upgraded shares of Envestnet from a “hold” rating to a “buy” rating and upped their target price for the company from $66.00 to $80.00 in a report on Wednesday, November 27th. DA Davidson upped their target price on shares of Envestnet from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday, January 3rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Envestnet presently has an average rating of “Buy” and a consensus price target of $77.00.
Hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP bought a new position in Envestnet in the 1st quarter worth about $50,000. First Trust Advisors LP grew its stake in Envestnet by 8.5% in the 1st quarter. First Trust Advisors LP now owns 55,508 shares of the business services provider’s stock worth $3,630,000 after acquiring an additional 4,339 shares in the last quarter. Bank of Montreal Can grew its stake in Envestnet by 535.8% in the 2nd quarter. Bank of Montreal Can now owns 4,972 shares of the business services provider’s stock worth $339,000 after acquiring an additional 4,190 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Envestnet by 5.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 281,278 shares of the business services provider’s stock worth $19,231,000 after acquiring an additional 14,841 shares in the last quarter. Finally, LPL Financial LLC grew its stake in Envestnet by 4.1% in the 2nd quarter. LPL Financial LLC now owns 6,462 shares of the business services provider’s stock worth $442,000 after acquiring an additional 254 shares in the last quarter. Hedge funds and other institutional investors own 96.21% of the company’s stock.
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 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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