Envestnet, Inc. (NYSE:ENV) Given Consensus Rating of “Hold” by Analysts

Shares of Envestnet, Inc. (NYSE:ENV) have received a consensus rating of “Hold” from the eight analysts that are covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $61.88.

Several research firms have issued reports on ENV. DA Davidson reiterated a “neutral” rating and set a $63.00 price objective on shares of Envestnet in a research note on Wednesday, September 18th. StockNews.com initiated coverage on shares of Envestnet in a research report on Friday. They set a “sell” rating for the company.

Institutional Trading of Envestnet

Hedge funds have recently modified their holdings of the stock. Natixis Advisors LLC acquired a new position in Envestnet in the second quarter valued at approximately $718,000. Dimensional Fund Advisors LP lifted its stake in shares of Envestnet by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,039,402 shares of the business services provider’s stock valued at $65,057,000 after purchasing an additional 73,751 shares during the period. ClariVest Asset Management LLC bought a new position in shares of Envestnet in the 2nd quarter worth $2,482,000. Engaged Capital LLC grew its stake in shares of Envestnet by 479.8% during the second quarter. Engaged Capital LLC now owns 692,483 shares of the business services provider’s stock worth $43,343,000 after purchasing an additional 573,049 shares during the period. Finally, Algert Global LLC increased its holdings in Envestnet by 455.4% in the third quarter. Algert Global LLC now owns 23,071 shares of the business services provider’s stock valued at $1,445,000 after purchasing an additional 18,917 shares during the last quarter.

Envestnet Stock Performance

NYSE ENV opened at $63.14 on Friday. Envestnet has a twelve month low of $36.43 and a twelve month high of $73.04. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.07. The stock has a market cap of $3.49 billion, a P/E ratio of -13.24 and a beta of 1.25. The company’s 50-day simple moving average is $62.87 and its 200 day simple moving average is $62.87.

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.