Envestnet Inc (NYSE:ENV) – Equities researchers at Jefferies Financial Group issued their Q1 2020 EPS estimates for Envestnet in a research report issued on Thursday, August 8th. Jefferies Financial Group analyst S. Thind expects that the business services provider will post earnings of $0.34 per share for the quarter. Jefferies Financial Group also issued estimates for Envestnet’s Q2 2020 earnings at $0.38 EPS and Q4 2020 earnings at $0.52 EPS.

Several other research analysts have also issued reports on the stock. Raymond James lifted their price target on shares of Envestnet from $82.00 to $83.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 11th. TheStreet lowered shares of Envestnet from a “b” rating to a “c+” rating in a research report on Thursday, May 9th. ValuEngine lowered shares of Envestnet from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. SunTrust Banks assumed coverage on shares of Envestnet in a research report on Thursday, April 18th. They issued a “buy” rating and a $80.00 price target on the stock. Finally, Buckingham Research lowered shares of Envestnet from a “buy” rating to a “neutral” rating and set a $73.00 price target on the stock. in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $73.30.

NYSE ENV opened at $57.83 on Monday. Envestnet has a 12 month low of $46.57 and a 12 month high of $73.94. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 46.26, a PEG ratio of 2.58 and a beta of 1.67. The company’s 50 day moving average is $68.88.

Envestnet (NYSE:ENV) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.02). Envestnet had a negative net margin of 1.72% and a positive return on equity of 10.18%. The company had revenue of $227.90 million for the quarter, compared to analyst estimates of $225.34 million. During the same quarter in the prior year, the business earned $0.41 EPS. Envestnet’s revenue was up 13.3% compared to the same quarter last year.

Institutional investors have recently added to or reduced their stakes in the company. Keybank National Association OH raised its holdings in Envestnet by 3.9% in the 2nd quarter. Keybank National Association OH now owns 4,373 shares of the business services provider’s stock worth $299,000 after acquiring an additional 166 shares during the period. Renaissance Group LLC raised its holdings in Envestnet by 2.2% in the 1st quarter. Renaissance Group LLC now owns 8,398 shares of the business services provider’s stock worth $549,000 after acquiring an additional 177 shares during the period. Zions Bancorporation N.A. raised its holdings in Envestnet by 6.4% in the 2nd quarter. Zions Bancorporation N.A. now owns 4,209 shares of the business services provider’s stock worth $288,000 after acquiring an additional 254 shares during the period. LPL Financial LLC raised its holdings in Envestnet by 4.1% in the 2nd quarter. LPL Financial LLC now owns 6,462 shares of the business services provider’s stock worth $442,000 after acquiring an additional 254 shares during the period. Finally, Huntington National Bank raised its holdings in Envestnet by 27.3% in the 1st quarter. Huntington National Bank now owns 1,543 shares of the business services provider’s stock worth $101,000 after acquiring an additional 331 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

In other news, COO Joshua Mayer sold 500 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $69.82, for a total transaction of $34,910.00. Following the transaction, the chief operating officer now owns 28,102 shares in the company, valued at approximately $1,962,081.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Judson Bergman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $69.91, for a total transaction of $1,048,650.00. Following the transaction, the chief executive officer now owns 812,099 shares in the company, valued at approximately $56,773,841.09. The disclosure for this sale can be found here. Insiders have sold a total of 116,064 shares of company stock worth $8,123,684 in the last 90 days. 4.97% of the stock is owned by insiders.

About Envestnet

Envestnet, Inc, together with its subsidiaries, provides intelligent systems for wealth management and financial wellness in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as sells 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; Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.

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