Envestnet (NYSE:ENV) had its price objective raised by UBS AG from $27.00 to $38.00 in a research report released on Tuesday morning, AR Network reports. UBS AG currently has a neutral rating on the stock.
ENV has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Envestnet from $34.00 to $38.00 in a research note to investors on Thursday, November 7th. They now have a sector perform rating on the stock. Separately, analysts at Sterne Agee reiterated a buy rating on shares of Envestnet in a research note to investors on Monday, November 4th. They now have a $43.00 price target on the stock. Finally, analysts at Barrington Research initiated coverage on shares of Envestnet in a research note to investors on Tuesday, October 22nd. They set an outperform rating and a $45.00 price target on the stock. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $34.29.
Envestnet (NYSE:ENV) remained flat at $36.85 during trading on Tuesday. 19,093 shares of the company’s stock traded hands. Envestnet has a 52 week low of $13.15 and a 52 week high of $38.70. The stock has a 50-day moving average of $35.05 and a 200-day moving average of $27.97. The company has a market cap of $1.245 billion and a price-to-earnings ratio of 519.01.
Envestnet (NYSE:ENV) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.14. The company had revenue of $69.90 million for the quarter, compared to the consensus estimate of $69.27 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 63.7% on a year-over-year basis. Analysts expect that Envestnet will post $0.55 EPS for the current fiscal year.
Envestnet, Inc (NYSE:ENV) is a provider of wealth management solutions to financial advisors and institutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.