Envestnet (NYSE:ENV) will post its quarterly earnings results after the market closes on Thursday, February 22nd. Analysts expect Envestnet to post earnings of $0.39 per share for the quarter.
Shares of Envestnet (ENV) opened at $56.25 on Wednesday. Envestnet has a 1 year low of $30.80 and a 1 year high of $56.95. The stock has a market cap of $2,490.00, a P/E ratio of -45.36, a P/E/G ratio of 2.79 and a beta of 1.96. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 0.90.
A number of analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Envestnet from a “hold” rating to a “strong-buy” rating and set a $60.00 target price on the stock in a research report on Tuesday, January 9th. UBS Group decreased their price target on shares of Envestnet from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, November 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $62.00 price target (up previously from $52.00) on shares of Envestnet in a report on Thursday, November 9th. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of Envestnet in a report on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Envestnet currently has a consensus rating of “Buy” and a consensus target price of $55.00.
In other Envestnet news, COO Joshua Mayer sold 30,800 shares of Envestnet stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $52.06, for a total value of $1,603,448.00. Following the transaction, the chief operating officer now owns 51,207 shares in the company, valued at approximately $2,665,836.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Peter D’arrigo sold 20,005 shares of Envestnet stock in a transaction on Friday, November 24th. The shares were sold at an average price of $49.68, for a total transaction of $993,848.40. Following the completion of the transaction, the chief financial officer now owns 48,170 shares in the company, valued at approximately $2,393,085.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,449 shares of company stock worth $9,022,990. 5.58% 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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