Media coverage about Envestnet (NYSE:ENV) has trended positive on Thursday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Envestnet earned a news sentiment score of 0.35 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 47.7774342462805 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the headlines that may have effected Accern’s scoring:

A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Envestnet from a “hold” rating to a “sell” rating in a research note on Monday, April 30th. Sandler O’Neill reissued a “hold” rating and set a $56.00 target price on shares of Envestnet in a research note on Tuesday, April 10th. Finally, ValuEngine raised shares of Envestnet from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $55.11.

NYSE:ENV opened at $54.80 on Thursday. Envestnet has a 1-year low of $54.30 and a 1-year high of $54.95. The stock has a market capitalization of $2.48 billion, a P/E ratio of 62.27, a price-to-earnings-growth ratio of 2.87 and a beta of 1.77. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.92.

Envestnet (NYSE:ENV) last released its quarterly earnings data on Wednesday, May 9th. The business services provider reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. Envestnet had a net margin of 2.48% and a return on equity of 10.66%. The company had revenue of $198.00 million during the quarter, compared to analyst estimates of $194.00 million. During the same period in the prior year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was up 25.5% compared to the same quarter last year. analysts predict that Envestnet will post 1.27 earnings per share for the current fiscal year.

In related news, CTO Scott D. Grinis sold 40,000 shares of the company’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $59.75, for a total value of $2,390,000.00. Following the completion of the sale, the chief technology officer now directly owns 205,340 shares of the company’s stock, valued at $12,269,065. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Shelly O’brien sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $54.91, for a total transaction of $164,730.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,157 shares of company stock valued at $3,081,343. 5.49% of the stock is owned by insiders.

About Envestnet

Envestnet, Inc, together with its subsidiaries, provides financial and wealth management software and services 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, and sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides a portfolio of accounting, rebalancing, trading, performance reporting, and client relationship management software, primarily to high-end registered investment advisers; Envestnet | Retirement Solutions, which offers a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provides research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.

Insider Buying and Selling by Quarter for Envestnet (NYSE:ENV)

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