Envestnet, Inc. (NYSE:ENV) Receives $61.88 Consensus Target Price from Brokerages

Shares of Envestnet, Inc. (NYSE:ENV) have been given an average recommendation of “Hold” by the eight brokerages that are currently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $61.88.

ENV has been the subject of a number of recent research reports. DA Davidson restated a “neutral” rating and issued a $63.00 price objective on shares of Envestnet in a report on Wednesday, September 18th. StockNews.com assumed coverage on shares of Envestnet in a research note on Friday, December 6th. They issued a “sell” rating on the stock.

Institutional Inflows and Outflows

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

Envestnet Stock Performance

Shares of ENV opened at $63.14 on Friday. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of -13.24 and a beta of 1.25. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 0.59. Envestnet has a fifty-two week low of $36.43 and a fifty-two week high of $73.04. The firm has a 50 day moving average price of $62.92 and a 200-day moving average price of $62.78.

Envestnet Company Profile

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.