Financial Engines Inc (FNGN) Given Average Recommendation of “Hold” by Brokerages
Shares of Financial Engines Inc (NASDAQ:FNGN) have been given a consensus rating of “Hold” by the eleven research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $35.75.
FNGN has been the subject of several recent analyst reports. BidaskClub downgraded Financial Engines from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine downgraded Financial Engines from a “hold” rating to a “sell” rating in a research note on Saturday, November 25th. Raymond James Financial restated an “underperform” rating on shares of Financial Engines in a research note on Friday, November 3rd. William Blair downgraded Financial Engines from an “outperform” rating to a “market perform” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research upgraded Financial Engines from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Thursday, November 2nd.
Shares of Financial Engines (NASDAQ FNGN) traded up $0.40 during midday trading on Tuesday, hitting $29.80. The stock had a trading volume of 459,482 shares, compared to its average volume of 358,339. The firm has a market cap of $1,886.85, a price-to-earnings ratio of 31.37, a price-to-earnings-growth ratio of 1.56 and a beta of 1.89. Financial Engines has a fifty-two week low of $24.45 and a fifty-two week high of $45.75.
In other news, Director Blake R. Grossman acquired 18,000 shares of Financial Engines stock in a transaction on Thursday, December 7th. The stock was bought at an average price of $28.71 per share, for a total transaction of $516,780.00. Following the transaction, the director now owns 43,726 shares of the company’s stock, valued at $1,255,373.46. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Lawrence M. Raffone acquired 15,000 shares of Financial Engines stock in a transaction on Thursday, December 7th. The stock was purchased at an average price of $28.54 per share, with a total value of $428,100.00. Following the transaction, the chief executive officer now directly owns 66,540 shares in the company, valued at approximately $1,899,051.60. The disclosure for this purchase can be found here. 9.27% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC bought a new position in shares of Financial Engines during the 4th quarter worth approximately $832,000. HCSF Management LLC bought a new position in shares of Financial Engines during the 4th quarter worth approximately $6,060,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Financial Engines by 376.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,860 shares of the asset manager’s stock worth $117,000 after buying an additional 3,050 shares during the period. Two Sigma Investments LP lifted its position in shares of Financial Engines by 274.1% during the 4th quarter. Two Sigma Investments LP now owns 41,900 shares of the asset manager’s stock worth $1,270,000 after buying an additional 30,700 shares during the period. Finally, Two Sigma Advisers LP lifted its position in shares of Financial Engines by 217.7% during the 4th quarter. Two Sigma Advisers LP now owns 24,808 shares of the asset manager’s stock worth $752,000 after buying an additional 17,000 shares during the period.
About Financial Engines
Financial Engines, Inc is a provider of independent, technology-enabled financial advisory services, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance. The Company offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness.
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