Envestnet, Inc. (NYSE:ENV) Given Average Rating of “Hold” by Brokerages

Posted by on Jun 7th, 2023

Shares of Envestnet, Inc. (NYSE:ENV – Get Rating) have earned an average rating of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $63.75.

Several equities research analysts have recently weighed in on ENV shares. Jefferies Financial Group increased their price target on Envestnet from $40.00 to $47.00 in a research note on Tuesday, February 21st. JMP Securities reissued a “market outperform” rating and issued a $80.00 price target on shares of Envestnet in a research note on Monday, March 13th. StockNews.com assumed coverage on Envestnet in a research note on Thursday, May 18th. They set a “sell” rating for the company. Finally, Raymond James raised their target price on Envestnet from $71.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, April 3rd.

Insider Activity

In other news, SVP Barry D. Cooper sold 530 shares of the firm’s stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of $56.93, for a total value of $30,172.90. Following the transaction, the senior vice president now owns 30,242 shares in the company, valued at $1,721,677.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Shelly O’brien sold 8,800 shares of Envestnet stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $56.84, for a total transaction of $500,192.00. Following the sale, the insider now directly owns 23,709 shares in the company, valued at $1,347,619.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Barry D. Cooper sold 530 shares of Envestnet stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $56.93, for a total value of $30,172.90. Following the sale, the senior vice president now owns 30,242 shares in the company, valued at $1,721,677.06. The disclosure for this sale can be found here. Insiders have sold 13,330 shares of company stock worth $749,325 over the last 90 days. 9.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Envestnet

A number of hedge funds have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its position in Envestnet by 1.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,276 shares of the business services provider’s stock worth $1,004,000 after buying an additional 160 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in Envestnet by 1.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 15,772 shares of the business services provider’s stock worth $973,000 after buying an additional 170 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Envestnet by 2.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 8,280 shares of the business services provider’s stock worth $616,000 after buying an additional 198 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Envestnet by 1.4% in the second quarter. Thrivent Financial for Lutherans now owns 14,478 shares of the business services provider’s stock worth $764,000 after buying an additional 199 shares during the last quarter. Finally, State of Michigan Retirement System increased its position in Envestnet by 1.4% in the fourth quarter. State of Michigan Retirement System now owns 14,071 shares of the business services provider’s stock worth $868,000 after buying an additional 200 shares during the last quarter.

Envestnet Price Performance

Shares of ENV stock opened at $53.08 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.18. The company has a market cap of $2.89 billion, a P/E ratio of -24.57 and a beta of 1.23. Envestnet has a twelve month low of $41.72 and a twelve month high of $69.22. The business has a fifty day simple moving average of $58.72 and a 200 day simple moving average of $60.50.

About Envestnet

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Envestnet, Inc engages in the provision of intelligent systems for wealth management and financial wellness. It operates through Envestnet Wealth Solutions and Envestnet Data and Analytics segments. The Envestnet Wealth Solutions segment provides unified wealth management software and services to empower financial advisors and institutions.

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Analyst Recommendations for Envestnet (NYSE:ENV)

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