News stories about Envestnet (NYSE:ENV) have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Envestnet earned a media sentiment score of 2.00 on their scale. InfoTrie also gave media headlines about the business services provider an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Envestnet’s ranking:
NYSE ENV traded down $0.49 during mid-day trading on Thursday, reaching $51.91. 1,283 shares of the stock were exchanged, compared to its average volume of 253,426. Envestnet has a 1 year low of $48.38 and a 1 year high of $64.80. The company has a market capitalization of $2.41 billion, a PE ratio of 58.99, a price-to-earnings-growth ratio of 2.51 and a beta of 1.87. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 0.72.
Envestnet (NYSE:ENV) last announced its quarterly earnings results on Wednesday, November 7th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. Envestnet had a net margin of 2.95% and a return on equity of 11.32%. The firm had revenue of $203.20 million for the quarter, compared to the consensus estimate of $203.99 million. During the same period in the prior year, the firm posted $0.37 earnings per share. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities analysts expect that Envestnet will post 1.29 EPS for the current year.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Envestnet from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Thursday, October 4th. TheStreet downgraded shares of Envestnet from a “b-” rating to a “c+” rating in a report on Wednesday, October 10th. Rosenblatt Securities started coverage on shares of Envestnet in a report on Wednesday, December 5th. They set a “buy” rating and a $65.00 price target on the stock. DA Davidson raised shares of Envestnet from a “neutral” rating to a “buy” rating in a report on Thursday, November 8th. Finally, JMP Securities lowered their price target on shares of Envestnet from $76.00 to $67.00 and set a “market outperform” rating on the stock in a report on Tuesday, November 13th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Envestnet currently has a consensus rating of “Buy” and a consensus target price of $64.43.
In other Envestnet news, COO Joshua Mayer sold 2,606 shares of the company’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $55.00, for a total transaction of $143,330.00. Following the completion of the transaction, the chief operating officer now directly owns 35,771 shares in the company, valued at $1,967,405. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anil Arora sold 4,551 shares of the company’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $62.40, for a total transaction of $283,982.40. Following the transaction, the insider now owns 75,388 shares of the company’s stock, valued at $4,704,211.20. The disclosure for this sale can be found here. Insiders have sold 19,662 shares of company stock worth $1,188,894 over the last three months. 5.49% of the stock is currently owned by insiders.
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Envestnet, Inc, together with its subsidiaries, provides intelligent systems for wealth management and financial wellness 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, as well as sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide 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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