Gayle A. Crowell Sells 746 Shares of Envestnet, Inc (ENV) Stock
Envestnet, Inc (NYSE:ENV) Director Gayle A. Crowell sold 746 shares of Envestnet stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $53.60, for a total transaction of $39,985.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Envestnet, Inc (NYSE:ENV) traded down $0.85 during trading on Friday, reaching $52.85. 129,187 shares of the company’s stock traded hands, compared to its average volume of 225,685. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.61 and a quick ratio of 0.61. Envestnet, Inc has a 12-month low of $30.80 and a 12-month high of $55.15. The company has a market cap of $2,326.46, a price-to-earnings ratio of 74.44, a PEG ratio of 3.97 and a beta of 1.97.
Envestnet (NYSE:ENV) last posted its earnings results on Tuesday, August 8th. The business services provider reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). Envestnet had a positive return on equity of 7.78% and a negative net margin of 8.93%. The firm had revenue of $167.50 million during the quarter, compared to the consensus estimate of $164.04 million. During the same period in the previous year, the company posted $0.21 EPS. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. sell-side analysts forecast that Envestnet, Inc will post 0.89 EPS for the current year.
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Several institutional investors and hedge funds have recently bought and sold shares of ENV. Janus Henderson Group PLC grew its holdings in shares of Envestnet by 559.6% in the 2nd quarter. Janus Henderson Group PLC now owns 4,017,706 shares of the business services provider’s stock worth $159,101,000 after purchasing an additional 3,408,580 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Envestnet during the 3rd quarter worth about $30,101,000. Royal Bank of Canada grew its holdings in Envestnet by 7,211.3% during the 2nd quarter. Royal Bank of Canada now owns 433,561 shares of the business services provider’s stock worth $17,169,000 after acquiring an additional 427,631 shares during the last quarter. Cramer Rosenthal Mcglynn LLC grew its holdings in Envestnet by 66.3% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 476,550 shares of the business services provider’s stock worth $18,871,000 after acquiring an additional 189,905 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Envestnet by 5.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,454,623 shares of the business services provider’s stock worth $136,803,000 after acquiring an additional 188,892 shares during the last quarter. 95.69% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on the stock. BidaskClub cut shares of Envestnet from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Jefferies Group LLC reiterated a “buy” rating and set a $48.00 target price on shares of Envestnet in a research note on Friday, July 14th. Royal Bank Of Canada reiterated a “hold” rating on shares of Envestnet in a research note on Monday, September 11th. Stifel Nicolaus reiterated a “buy” rating and set a $52.00 target price on shares of Envestnet in a research note on Tuesday, September 26th. Finally, Zacks Investment Research upgraded shares of Envestnet from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $54.38.
Envestnet, Inc is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.
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