Investment Analysts’ Weekly Ratings Changes for Envestnet (ENV)

Several brokerages have updated their recommendations and price targets on shares of Envestnet (NYSE: ENV) in the last few weeks:

  • 11/19/2022 – Envestnet was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
  • 11/11/2022 – Envestnet was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
  • 11/9/2022 – Envestnet had its price target lowered by analysts at Raymond James from $68.00 to $63.00. They now have a “strong-buy” rating on the stock.
  • 11/9/2022 – Envestnet had its price target lowered by analysts at JMP Securities from $82.00 to $80.00. They now have a “market outperform” rating on the stock.
  • 11/7/2022 – Envestnet had its price target lowered by analysts at Jefferies Financial Group Inc. from $71.00 to $40.00.
  • 10/12/2022 – Envestnet is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
  • 10/11/2022 – Envestnet had its price target lowered by analysts at JMP Securities from $85.00 to $82.00. They now have a “market outperform” rating on the stock.
  • 10/4/2022 – Envestnet had its price target lowered by analysts at DA Davidson from $70.00 to $64.00. They now have a “buy” rating on the stock.
  • 10/4/2022 – Envestnet had its price target lowered by analysts at Raymond James from $73.00 to $68.00.
  • 10/3/2022 – Envestnet was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
  • 10/3/2022 – Envestnet had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $65.00 to $56.00. They now have a “neutral” rating on the stock.

Envestnet Stock Up 0.7 %

Shares of NYSE:ENV traded up $0.42 on Thursday, hitting $57.35. 235,118 shares of the company’s stock were exchanged, compared to its average volume of 696,120. The company has a market capitalization of $3.17 billion, a PE ratio of -64.44 and a beta of 1.21. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.64 and a current ratio of 0.64. Envestnet, Inc. has a 1-year low of $41.72 and a 1-year high of $84.58. The firm’s 50-day moving average is $48.61 and its 200 day moving average is $54.22.

Institutional Trading of Envestnet

A number of large investors have recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Envestnet in the 3rd quarter valued at about $339,000. FourThought Financial LLC boosted its position in shares of Envestnet by 51.5% in the 3rd quarter. FourThought Financial LLC now owns 2,111 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 718 shares during the period. Liberty One Investment Management LLC boosted its position in shares of Envestnet by 3.4% in the 3rd quarter. Liberty One Investment Management LLC now owns 12,656 shares of the business services provider’s stock valued at $562,000 after purchasing an additional 421 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of Envestnet by 5.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 180,484 shares of the business services provider’s stock valued at $8,013,000 after purchasing an additional 9,519 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Envestnet by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 5,417,317 shares of the business services provider’s stock valued at $240,528,000 after purchasing an additional 49,658 shares during the period.

Envestnet, Inc, together with its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through Envestnet Wealth Solutions and Envestnet Data & Analytics segments. The company's Envestnet Wealth Solutions segment offers Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as offers 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; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry.

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