Gayle A. Crowell Sells 746 Shares of Envestnet Inc. (ENV) Stock
Envestnet Inc. (NYSE:ENV) Director Gayle A. Crowell sold 746 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $37.50, for a total value of $27,975.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Envestnet Inc. (NYSE:ENV) opened at 38.75 on Tuesday. The firm’s 50-day moving average price is $35.81 and its 200-day moving average price is $36.26. Envestnet Inc. has a 12-month low of $19.30 and a 12-month high of $41.47. The firm’s market capitalization is $1.67 billion.
Envestnet (NYSE:ENV) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02. Envestnet had a negative net margin of 4.97% and a positive return on equity of 3.91%. The firm had revenue of $149.20 million for the quarter, compared to analysts’ expectations of $147.01 million. During the same period in the previous year, the firm posted $0.25 EPS. The company’s revenue for the quarter was up 44.3% on a year-over-year basis. Equities analysts predict that Envestnet Inc. will post $0.97 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on the company. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $40.00 price target (up from $37.00) on shares of Envestnet in a research report on Wednesday, August 10th. Avondale Partners downgraded Envestnet from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 9th. Jefferies Group reaffirmed a “buy” rating on shares of Envestnet in a research report on Wednesday, August 3rd. Stifel Nicolaus raised their price target on Envestnet from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, November 8th. Finally, Zacks Investment Research raised Envestnet from a “sell” rating to a “hold” rating in a research report on Tuesday, October 18th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Envestnet currently has an average rating of “Buy” and an average target price of $36.81.
A number of large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Envestnet by 233.3% in the first quarter. BlackRock Inc. now owns 4,093 shares of the company’s stock valued at $111,000 after buying an additional 2,865 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Envestnet by 113.8% in the third quarter. BNP Paribas Arbitrage SA now owns 3,448 shares of the company’s stock worth $126,000 after buying an additional 1,835 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Envestnet by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 5,343 shares of the company’s stock worth $178,000 after buying an additional 638 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Envestnet by 76.9% in the third quarter. Great West Life Assurance Co. Can now owns 5,306 shares of the company’s stock worth $193,000 after buying an additional 2,306 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Envestnet during the third quarter worth about $195,000. 98.05% of the stock is currently owned by hedge funds and other institutional investors.
Envestnet, Inc is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet/Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.
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