Analysts Set Envestnet, Inc. (NYSE:ENV) Price Target at $61.88

Shares of Envestnet, Inc. (NYSE:ENV) have earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $61.88.

A number of analysts have commented on ENV shares. StockNews.com started coverage on shares of Envestnet in a research note on Tuesday. They set a “sell” rating for the company. DA Davidson restated a “neutral” rating and set a $63.00 price target on shares of Envestnet in a research note on Wednesday, September 18th.

Envestnet Stock Performance

Shares of ENV stock opened at $62.94 on Wednesday. The firm has a market capitalization of $3.48 billion, a PE ratio of -13.19 and a beta of 1.25. The firm has a fifty day simple moving average of $62.72 and a two-hundred day simple moving average of $63.10. The company has a current ratio of 0.59, a quick ratio of 1.14 and a debt-to-equity ratio of 1.07. Envestnet has a 12 month low of $36.01 and a 12 month high of $73.04.

Institutional Trading of Envestnet

Institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of Envestnet by 45.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 154,843 shares of the business services provider’s stock worth $8,968,000 after acquiring an additional 48,057 shares in the last quarter. UniSuper Management Pty Ltd bought a new position in Envestnet during the first quarter valued at about $762,000. Natixis Advisors LLC bought a new position in Envestnet during the second quarter valued at about $718,000. Dimensional Fund Advisors LP grew its position in Envestnet by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,039,402 shares of the business services provider’s stock valued at $65,057,000 after buying an additional 73,751 shares during the period. Finally, ClariVest Asset Management LLC bought a new position in Envestnet during the second quarter valued at about $2,482,000.

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.