Envestnet (NYSE:ENV) Lowered to Sell at StockNews.com

Envestnet (NYSE:ENVGet Free Report) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

A number of other brokerages also recently issued reports on ENV. William Blair reissued an “outperform” rating on shares of Envestnet in a research report on Wednesday, March 27th. Raymond James raised their target price on Envestnet from $52.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Jefferies Financial Group upgraded Envestnet from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $47.00 to $59.00 in a report on Wednesday, May 8th. DA Davidson lifted their price target on shares of Envestnet from $62.00 to $67.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada boosted their price target on Envestnet from $56.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Envestnet has an average rating of “Hold” and a consensus price target of $64.14.

Read Our Latest Analysis on ENV

Envestnet Trading Down 0.9 %

Shares of ENV stock traded down $0.58 on Wednesday, hitting $61.70. 351,719 shares of the company’s stock traded hands, compared to its average volume of 480,376. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of -17.33 and a beta of 1.28. The company’s fifty day simple moving average is $64.22 and its 200 day simple moving average is $57.59. Envestnet has a one year low of $33.12 and a one year high of $73.04.

Envestnet (NYSE:ENVGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $324.95 million during the quarter, compared to analysts’ expectations of $324.85 million. Envestnet had a negative net margin of 15.33% and a positive return on equity of 14.75%. Equities analysts forecast that Envestnet will post 1.78 EPS for the current year.

Institutional Investors Weigh In On Envestnet

A number of large investors have recently added to or reduced their stakes in the stock. YHB Investment Advisors Inc. bought a new stake in Envestnet during the first quarter valued at approximately $38,000. Quest Partners LLC purchased a new stake in shares of Envestnet in the 4th quarter worth $58,000. SG Americas Securities LLC purchased a new position in Envestnet during the first quarter valued at $168,000. Cetera Advisors LLC bought a new stake in Envestnet during the first quarter valued at about $222,000. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Envestnet in the first quarter worth about $228,000.

Envestnet Company Profile

(Get Free Report)

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.

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