Wall Street analysts predict that Envestnet Inc (NYSE:ENV) will report $227.38 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Envestnet’s earnings, with estimates ranging from $226.77 million to $228.50 million. Envestnet reported sales of $224.45 million during the same quarter last year, which indicates a positive year-over-year growth rate of 1.3%. The company is expected to issue its next earnings report on Wednesday, August 5th.

According to Zacks, analysts expect that Envestnet will report full-year sales of $951.22 million for the current year, with estimates ranging from $943.68 million to $960.07 million. For the next financial year, analysts expect that the firm will report sales of $1.04 billion, with estimates ranging from $1.02 billion to $1.10 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Envestnet.

Envestnet (NYSE:ENV) last announced its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. The firm had revenue of $246.50 million for the quarter, compared to the consensus estimate of $242.32 million. Envestnet had a negative net margin of 0.66% and a positive return on equity of 8.94%. The company’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 earnings per share.

Several brokerages have recently issued reports on ENV. Royal Bank of Canada restated a “hold” rating and issued a $68.00 target price on shares of Envestnet in a report on Sunday, May 10th. UBS Group lifted their price target on Envestnet from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Jefferies Financial Group lifted their price target on Envestnet from $72.00 to $76.00 in a research report on Tuesday, May 12th. Raymond James lowered their price target on Envestnet from $86.00 to $80.00 and set a “strong-buy” rating for the company in a research report on Friday, May 8th. Finally, Compass Point lowered Envestnet from a “buy” rating to a “neutral” rating and set a $75.00 price target for the company. in a research report on Friday, February 21st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $74.50.

In related news, CEO William Crager sold 9,094 shares of Envestnet stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $55.67, for a total value of $506,262.98. Following the completion of the sale, the chief executive officer now directly owns 244,395 shares in the company, valued at approximately $13,605,469.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 18,486 shares of company stock valued at $1,113,996 over the last quarter. 2.44% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in ENV. TRUE Private Wealth Advisors purchased a new stake in Envestnet in the fourth quarter valued at $27,000. Steward Partners Investment Advisory LLC grew its stake in shares of Envestnet by 61.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 501 shares of the business services provider’s stock valued at $34,000 after buying an additional 190 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Envestnet by 112.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 530 shares of the business services provider’s stock valued at $37,000 after buying an additional 280 shares in the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of Envestnet in the first quarter valued at $33,000. Finally, Keebeck Wealth Management LLC acquired a new stake in shares of Envestnet in the fourth quarter valued at $47,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

NYSE ENV traded up $0.37 on Monday, reaching $69.51. 7,889 shares of the company’s stock traded hands, compared to its average volume of 330,022. Envestnet has a 12 month low of $45.53 and a 12 month high of $87.75. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a 50-day simple moving average of $58.62 and a 200 day simple moving average of $67.56. The stock has a market cap of $3.62 billion, a PE ratio of -632.45 and a beta of 1.74.

About Envestnet

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 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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