Out of 5 analysts covering Envestnet (NYSE:ENV), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $48 is the highest target while $35 is the lowest. The $41 average target is 11.53% above today’s ($36.76) stock price. Envestnet has been the topic of 6 analyst reports since September 25, 2015 according to StockzIntelligence Inc. Avondale downgraded the stock on August 9 to “Market Perform” rating. Jefferies initiated the shares of ENV in a report on March 24 with “Buy” rating. Lastly, RBC Capital Markets maintained the stock with “Sector Perform” rating in a September 25 report. Below is a list of Envestnet Inc (NYSE:ENV) latest ratings and price target changes.
09/08/2016 Broker: Avondale Old Rating: Market Outperform New Rating: Market Perform Downgrade
02/06/2016 Broker: UBS Old Rating: Neutral New Rating: Buy Upgrade
24/03/2016 Broker: Jefferies Rating: Buy New Target: $48.00 Initiate
About 131,091 shares traded hands. Envestnet Inc (NYSE:ENV) has risen 93.36% since February 8, 2016 and is uptrending. It has outperformed by 76.88% the S&P500.
Envestnet, Inc. is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The company has a market cap of $1.58 billion. The Company’s divisions are Envestnet and Envestnet/Yodlee. It currently has negative earnings. The Company’s Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.
The institutional sentiment increased to 1.59 in Q2 2016. Its up 0.51, from 1.08 in 2016Q1. The ratio is positive, as 12 funds sold all Envestnet Inc shares owned while 32 reduced positions. 15 funds bought stakes while 55 increased positions. They now own 42.48 million shares or 1.10% more from 42.02 million shares in 2016Q1.
Whetstone Capital Advisors Llc holds 6.8% of its portfolio in Envestnet Inc for 347,616 shares. Summit Creek Advisors Llc owns 512,666 shares or 2.9% of their US portfolio. Moreover, Df Dent & Co Inc has 1.76% invested in the company for 1.89 million shares. The New York-based Three Corner Global Investors Lp has invested 1.59% in the stock. Ashford Capital Management Inc, a Delaware-based fund reported 211,534 shares.
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