Envestnet, Inc. (NYSE:ENV) Receives Average Recommendation of “Hold” from Analysts

Envestnet, Inc. (NYSE:ENV) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $61.88.

Several equities research analysts have weighed in on ENV shares. DA Davidson reaffirmed a “neutral” rating and issued a $63.00 price target on shares of Envestnet in a research note on Wednesday, September 18th. StockNews.com initiated coverage on Envestnet in a research note on Tuesday, November 12th. They set a “sell” rating on the stock.

Institutional Trading of Envestnet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENV. Innealta Capital LLC purchased a new position in shares of Envestnet during the second quarter valued at approximately $46,000. Longfellow Investment Management Co. LLC purchased a new position in Envestnet during the 3rd quarter worth $71,000. Quest Partners LLC boosted its holdings in Envestnet by 6,220.8% during the 2nd quarter. Quest Partners LLC now owns 1,517 shares of the business services provider’s stock worth $95,000 after acquiring an additional 1,493 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Envestnet by 54.2% in the 3rd quarter. SG Americas Securities LLC now owns 2,687 shares of the business services provider’s stock worth $168,000 after acquiring an additional 945 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Envestnet by 80.0% in the second quarter. Federated Hermes Inc. now owns 2,700 shares of the business services provider’s stock valued at $169,000 after purchasing an additional 1,200 shares during the last quarter.

Envestnet Stock Performance

NYSE:ENV opened at $62.94 on Wednesday. The firm has a market capitalization of $3.48 billion, a P/E ratio of -13.19 and a beta of 1.25. Envestnet has a twelve month low of $36.01 and a twelve month high of $73.04. The company has a fifty day moving average of $62.72 and a 200-day moving average of $63.11. The company has a quick ratio of 1.14, a current ratio of 0.59 and a debt-to-equity ratio of 1.07.

About Envestnet

Envestnet, Inc, through its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through two segments: Envestnet Wealth Solutions and Envestnet Data & Analytics. The Envestnet Wealth Solutions segment offers Envestnet | Enterprise, an end-to-end open architecture wealth management platform, as well as offers data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Wealth Analytics that transforms data into actionable intelligence; Envestnet | Tamarac which provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry.