Financial Engines Inc (NASDAQ:FNGN) has received a consensus recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $42.67.

Several research firms have recently weighed in on FNGN. BidaskClub cut shares of Financial Engines from a “buy” rating to a “hold” rating in a report on Friday, July 6th. ValuEngine raised shares of Financial Engines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 27th. William Blair lowered shares of Financial Engines from an “outperform” rating to a “market perform” rating in a research report on Monday, April 30th. Jefferies Financial Group lowered shares of Financial Engines from a “buy” rating to a “hold” rating in a research report on Tuesday, May 1st. Finally, DA Davidson lowered shares of Financial Engines from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $38.00 to $45.00 in a research report on Tuesday, May 8th.

In other Financial Engines news, Director Joseph Grundfest sold 27,250 shares of the company’s stock in a transaction on Friday, June 8th. The shares were sold at an average price of $44.82, for a total transaction of $1,221,345.00. Following the sale, the director now directly owns 26,290 shares of the company’s stock, valued at $1,178,317.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO John Bunch sold 2,000 shares of the company’s stock in a transaction on Thursday, July 5th. The stock was sold at an average price of $45.00, for a total transaction of $90,000.00. Following the sale, the chief operating officer now directly owns 20,754 shares in the company, valued at $933,930. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in Financial Engines during the first quarter worth $134,000. Ladenburg Thalmann Financial Services Inc. raised its position in Financial Engines by 376.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,860 shares of the asset manager’s stock worth $117,000 after acquiring an additional 3,050 shares in the last quarter. Everence Capital Management Inc. bought a new stake in Financial Engines during the second quarter worth $212,000. CIBC Asset Management Inc bought a new stake in Financial Engines during the second quarter worth $247,000. Finally, Quantum Capital Management bought a new stake in Financial Engines during the first quarter worth $202,000. 99.75% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Financial Engines stock remained flat at $$44.95 on Tuesday. The stock has a market capitalization of $2.86 billion, a P/E ratio of 43.64, a P/E/G ratio of 2.43 and a beta of 1.46. Financial Engines has a 52 week low of $24.45 and a 52 week high of $45.00.

Financial Engines Company Profile

Financial Engines, Inc provides independent technology-enabled financial advisory, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance services in the United States. It assists individuals to develop a strategy to reach financial goals by offering a set of services, including personalized plans for saving and investing, assessments of retirement income, and the option to meet face-to-face with a financial advisor.

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Analyst Recommendations for Financial Engines (NASDAQ:FNGN)

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