Very Favorable News Coverage Somewhat Unlikely to Impact Envestnet (ENV) Stock Price
Media stories about Envestnet (NYSE:ENV) have been trending very positive on Saturday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Envestnet earned a news impact score of 0.56 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 48.0048551785993 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Q1 2018 Earnings Forecast for Envestnet Inc (ENV) Issued By Jefferies Group (americanbankingnews.com)
- Envestnet Inc (ENV) Insider Sells $538,800.00 in Stock (americanbankingnews.com)
- Envestnet | Yodlee platform enables financial services providers to build … (prnewswire.co.uk)
- Envestnet | Yodlee platform enables financial services providers to build solutions that comply with the Second Payment Services Directive and Open Banking in the UK (finance.yahoo.com)
A number of brokerages recently issued reports on ENV. Zacks Investment Research raised Envestnet from a “hold” rating to a “strong-buy” rating and set a $60.00 price target for the company in a report on Tuesday, January 9th. Jefferies Group upped their price target on Envestnet from $47.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $52.00 price target on shares of Envestnet in a report on Tuesday, September 26th. William Blair reaffirmed an “ourperform” rating on shares of Envestnet in a report on Tuesday, September 26th. Finally, JMP Securities upped their price target on Envestnet from $48.00 to $56.00 and gave the company an “outperform” rating in a report on Tuesday, September 26th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.00.
Shares of Envestnet (NYSE ENV) opened at $54.10 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.63. Envestnet has a 52 week low of $30.80 and a 52 week high of $55.15. The firm has a market capitalization of $2,379.22, a P/E ratio of -43.98, a price-to-earnings-growth ratio of 2.89 and a beta of 1.91.
Envestnet (NYSE:ENV) last issued its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.02. Envestnet had a positive return on equity of 8.92% and a negative net margin of 8.15%. The company had revenue of $175.61 million during the quarter, compared to analysts’ expectations of $171.57 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. equities research analysts expect that Envestnet will post 0.89 EPS for the current year.
In other Envestnet news, Director Gayle A. Crowell sold 746 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $53.60, for a total value of $39,985.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President William Crager sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $53.31, for a total value of $266,550.00. Following the completion of the sale, the president now owns 150,555 shares of the company’s stock, valued at approximately $8,026,087.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 297,585 shares of company stock valued at $15,131,761. 7.80% of the stock is owned by company insiders.
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Envestnet Company Profile
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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