Envestnet (NYSE:ENV) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Envestnet (NYSE:ENV) in a report published on Friday morning. The firm issued a sell rating on the business services provider’s stock.

Separately, DA Davidson reissued a “neutral” rating and issued a $63.00 price objective on shares of Envestnet in a report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Envestnet currently has an average rating of “Hold” and a consensus target price of $61.88.

Envestnet Stock Up 0.1 %

Shares of Envestnet stock opened at $63.14 on Friday. 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 firm has a market cap of $3.49 billion, a P/E ratio of -13.24 and a beta of 1.25. Envestnet has a fifty-two week low of $36.43 and a fifty-two week high of $73.04. The business has a 50-day moving average price of $62.87 and a 200 day moving average price of $62.85.

Institutional Trading of Envestnet

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENV. Innealta Capital LLC acquired a new position in shares of Envestnet in the 2nd quarter valued at approximately $46,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Envestnet during the 3rd quarter worth $71,000. Quest Partners LLC boosted its stake in Envestnet by 6,220.8% in the second quarter. Quest Partners LLC now owns 1,517 shares of the business services provider’s stock valued at $95,000 after buying an additional 1,493 shares in the last quarter. SG Americas Securities LLC raised its position in Envestnet by 54.2% during the 3rd quarter. SG Americas Securities LLC now owns 2,687 shares of the business services provider’s stock worth $168,000 after purchasing an additional 945 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in Envestnet by 80.0% during the second quarter. Federated Hermes Inc. now owns 2,700 shares of the business services provider’s stock valued at $169,000 after acquiring an additional 1,200 shares during the last quarter.

About Envestnet

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.