The stock of Envestnet Inc (NYSE:ENV) is a huge mover today! About 161,348 shares traded hands. Envestnet Inc (NYSE:ENV) has risen 17.93% since April 8, 2016 and is uptrending. It has outperformed by 12.28% the S&P500.
The move comes after 6 months positive chart setup for the $1.46 billion company. It was reported on Nov, 10 by Barchart.com. We have $45.42 PT which if reached, will make NYSE:ENV worth $481.80M more.
Analysts await Envestnet Inc (NYSE:ENV) to report earnings on November, 14. They expect $0.17 earnings per share, down 15.00% or $0.03 from last year’s $0.2 per share. ENV’s profit will be $7.27M for 50.22 P/E if the $0.17 EPS becomes a reality. After $0.01 actual earnings per share reported by Envestnet Inc for the previous quarter, Wall Street now forecasts 1,600.00% EPS growth.
Envestnet Inc (NYSE:ENV) Ratings Coverage
Out of 6 analysts covering Envestnet (NYSE:ENV), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Envestnet has been the topic of 9 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Tuesday, November 10 by Northland Capital. Northland Capital maintained the stock with “Outperform” rating in Tuesday, August 11 report. The firm has “Buy” rating given on Thursday, June 2 by UBS. The firm has “Market Perform” rating by Avondale given on Tuesday, August 9. As per Thursday, March 24, the company rating was initiated by Jefferies. As per Tuesday, November 8, the company rating was maintained by Stifel Nicolaus. Northland Capital maintained the stock with “Outperform” rating in Friday, February 26 report. The firm earned “Sector Perform” rating on Friday, September 25 by RBC Capital Markets. On Tuesday, August 11 the stock rating was downgraded by Avondale to “Outperform”.
According to Zacks Investment Research, “Envestnet, Inc. is an independent provider of technology-enabled, Web-based investment solutions and services to financial advisors. The Company’s technology platform allows financial advisors to provide their clients with a wide range of investment solutions and services. It offers risk assessment and selection of investment strategies, asset allocation models, research and due diligence, portfolio construction, proposal generation and paperwork preparation, model management and account rebalancing, account monitoring, customized fee billing, overlay services covering asset allocation, tax management and socially responsible investing, aggregated multi-custodian performance reporting and communication tools, as well as access to a range of third-party asset custodians. Envestnet focuses its technology development efforts and its sales and marketing approach on addressing financial advisors’ front, middle and back office needs. Envestnet, Inc. is headquartered in Chicago, Illinois.”
Insitutional Activity: The institutional sentiment increased to 1.59 in Q2 2016. Its up 0.51, from 1.08 in 2016Q1. The ratio increased, 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.
Franklin Resource has 0.03% invested in the company for 1.42 million shares. Price T Rowe Inc Md reported 928,720 shares or 0.01% of all its holdings. Bamco Ny has invested 0.01% of its portfolio in Envestnet Inc (NYSE:ENV). Finemark National Bank & Trust accumulated 0% or 39 shares. California Pub Employees Retirement Sys accumulated 0% or 43,715 shares. Sei Investments accumulated 0% or 256 shares. Arrowpoint Asset Management Limited Co last reported 149,182 shares in the company. Geode Cap Mgmt Limited Com accumulated 266,113 shares or 0% of the stock. Suntrust Banks holds 11,842 shares or 0% of its portfolio. The Texas-based King Luther Capital Management has invested 0.02% in Envestnet Inc (NYSE:ENV). Federated Incorporated Pa reported 120,000 shares or 0.01% of all its holdings. Schwab Charles Mgmt accumulated 131,290 shares or 0.01% of the stock. Stifel Fincl Corporation owns 19,391 shares or 0% of their US portfolio. Moreover, Vanguard Group Inc Incorporated has 0.01% invested in Envestnet Inc (NYSE:ENV) for 2.88 million shares. Moreover, Blair William Il has 0.03% invested in Envestnet Inc (NYSE:ENV) for 80,695 shares.
Insider Transactions: Since May 31, 2016, the stock had 1 buy, and 23 selling transactions for $8.87 million net activity. 20,000 Envestnet Inc (NYSE:ENV) shares with value of $710,400 were sold by Bergman Judson. Grinis Scott D had sold 12,000 shares worth $469,920. $158,175 worth of Envestnet Inc (NYSE:ENV) was sold by O’Brien Shelly. Crager William had sold 50,000 shares worth $1.75 million on Monday, October 31. $101,632 worth of Envestnet Inc (NYSE:ENV) was sold by Arora Anil on Friday, September 2. Roame Charles bought 238 shares worth $8,944.
More news for Envestnet Inc (NYSE:ENV) were recently published by: Reuters.com, which released: “BRIEF-Envestnet Inc reports Q3 loss per share $0.09” on November 07, 2016. Twst.com‘s article titled: “Envestnet Inc.: Envestnet to Announce Third Quarter 2016 Results on November 7 …” and published on October 24, 2016 is yet another important article.
ENV Company Profile
Envestnet, Inc., incorporated on February 11, 2004, is a well-known provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s divisions are Envestnet and Envestnet/Yodlee. The Company’s Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions. The Company’s Envestnet/Yodlee segment is a data aggregation and data analytics platform. The Company’s services and related technology are provided through Envestnet’s wealth management software, Envestnet/PMC, Envestnet/Tamarac, Vantage Reporting Solution, Envestnet/WMS, Envestnet/Placemark, Envestnet/Retirement Solutions, Envestnet/Yodlee and Envestnet/Finance Logix. The Firm operates approximately five Registered Investment Advisors (RIAs) and a registered broker-dealer.
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