News headlines about Envestnet (NYSE:ENV) have been trending somewhat positive on Thursday, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Envestnet earned a news sentiment score of 2.00 on their scale. InfoTrie also assigned media coverage about the business services provider an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the immediate future.

These are some of the news headlines that may have effected Envestnet’s score:

Shares of NYSE ENV traded down $0.49 during midday trading on Thursday, hitting $51.91. The company’s stock had a trading volume of 1,283 shares, compared to its average volume of 253,426. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 0.72. Envestnet has a 1 year low of $48.38 and a 1 year high of $64.80. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 58.99, a PEG ratio of 2.51 and a beta of 1.87.

Envestnet (NYSE:ENV) last posted its quarterly earnings data on Wednesday, November 7th. The business services provider reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.03. Envestnet had a net margin of 2.95% and a return on equity of 11.32%. The business had revenue of $203.20 million during the quarter, compared to analyst estimates of $203.99 million. During the same quarter last year, the firm posted $0.37 earnings per share. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. Equities analysts predict that Envestnet will post 1.29 EPS for the current fiscal year.

ENV has been the subject of several recent research reports. Zacks Investment Research raised shares of Envestnet from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Thursday, October 4th. TheStreet lowered shares of Envestnet from a “b-” rating to a “c+” rating in a research note on Wednesday, October 10th. Rosenblatt Securities initiated coverage on shares of Envestnet in a research note on Wednesday, December 5th. They issued a “buy” rating and a $65.00 price objective for the company. DA Davidson raised shares of Envestnet from a “neutral” rating to a “buy” rating in a research note on Thursday, November 8th. Finally, JMP Securities lowered their price objective on shares of Envestnet from $76.00 to $67.00 and set a “market outperform” rating for the company in a research note on Tuesday, November 13th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $64.43.

In related news, insider Anil Arora sold 4,551 shares of the firm’s stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $62.40, for a total value of $283,982.40. Following the sale, the insider now owns 75,388 shares of the company’s stock, valued at $4,704,211.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President William Crager sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $60.99, for a total transaction of $731,880.00. Following the completion of the sale, the president now directly owns 212,252 shares in the company, valued at approximately $12,945,249.48. The disclosure for this sale can be found here. In the last three months, insiders sold 19,662 shares of company stock valued at $1,188,894. Insiders own 5.49% of the company’s stock.

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Envestnet Company Profile

Envestnet, Inc, together with its subsidiaries, provides intelligent systems for wealth management and financial wellness in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee business segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.

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