Media stories about Financial Engines (NASDAQ:FNGN) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Financial Engines earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the asset manager an impact score of 47.3846519470633 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Shares of Financial Engines (NASDAQ FNGN) traded down $0.10 during mid-day trading on Thursday, reaching $27.75. The company’s stock had a trading volume of 67,661 shares, compared to its average volume of 478,692. Financial Engines has a 52-week low of $24.45 and a 52-week high of $45.75. The company has a market capitalization of $1,769.72, a price-to-earnings ratio of 36.04, a P/E/G ratio of 1.50 and a beta of 1.89.

Financial Engines announced that its board has authorized a share repurchase plan on Thursday, November 2nd that authorizes the company to repurchase $60.00 million in shares. This repurchase authorization authorizes the asset manager to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Financial Engines from a “hold” rating to a “strong-buy” rating and set a $34.00 price target for the company in a research report on Friday, January 19th. Jefferies Group restated a “buy” rating and set a $38.00 target price on shares of Financial Engines in a research report on Wednesday, January 17th. BidaskClub cut Financial Engines from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Barclays cut Financial Engines from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $30.00 to $33.00 in a research report on Monday, January 8th. Finally, ValuEngine cut Financial Engines from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $35.75.

In related news, Director Blake R. Grossman bought 18,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was bought at an average price of $28.71 per share, with a total value of $516,780.00. Following the purchase, the director now owns 43,726 shares in the company, valued at approximately $1,255,373.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lawrence M. Raffone bought 15,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was bought at an average cost of $28.54 per share, with a total value of $428,100.00. Following the purchase, the chief executive officer now owns 66,540 shares in the company, valued at approximately $1,899,051.60. The disclosure for this purchase can be found here. Insiders own 9.27% of the company’s stock.

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Financial Engines Company Profile

Financial Engines, Inc is a provider of independent, technology-enabled financial advisory services, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance. The Company offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness.

Insider Buying and Selling by Quarter for Financial Engines (NASDAQ:FNGN)

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