Press coverage about Envestnet (NYSE:ENV) has been trending positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Envestnet earned a coverage optimism score of 0.34 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 47.7001507355147 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
Shares of Envestnet opened at $56.50 on Tuesday, Marketbeat reports. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 64.20, a price-to-earnings-growth ratio of 3.29 and a beta of 1.70. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.92. Envestnet has a 1 year low of $37.40 and a 1 year high of $60.28.
Envestnet (NYSE:ENV) last announced its quarterly earnings data on Wednesday, May 9th. The business services provider reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. The company had revenue of $198.00 million for the quarter, compared to analysts’ expectations of $194.00 million. Envestnet had a return on equity of 10.66% and a net margin of 2.48%. Envestnet’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period last year, the firm posted $0.25 EPS. equities analysts forecast that Envestnet will post 1.24 EPS for the current fiscal year.
ENV has been the subject of a number of recent analyst reports. ValuEngine upgraded Envestnet from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Sandler O’Neill restated a “hold” rating and issued a $56.00 price objective on shares of Envestnet in a research note on Tuesday, April 10th. Finally, Zacks Investment Research downgraded Envestnet from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $55.11.
In other Envestnet news, Director Gayle A. Crowell sold 745 shares of Envestnet stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $57.10, for a total value of $42,539.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Shelly O’brien sold 4,000 shares of Envestnet stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $54.23, for a total value of $216,920.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,045 shares of company stock worth $663,021. 5.49% of the stock is currently owned by insiders.
Envestnet, Inc, together with its subsidiaries, provides financial and wealth management software and services in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee business segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, and sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides a portfolio of accounting, rebalancing, trading, performance reporting, and client relationship management software, primarily to high-end registered investment advisers; Envestnet | Retirement Solutions, which offers a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provides research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.
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