B. Riley Has Positive Outlook of Envela FY2025 Earnings

Envela Co. (NYSEAMERICAN:ELA - Free Report) - Analysts at B. Riley lifted their FY2025 EPS estimates for Envela in a research report issued on Sunday, May 11th. B. Riley analyst J. Van. Sinderen now anticipates that the company will post earnings of $0.30 per share for the year, up from their prior estimate of $0.29. The consensus estimate for Envela's current full-year earnings is $0.24 per share. B. Riley also issued estimates for Envela's FY2026 earnings at $0.39 EPS.

Separately, Lake Street Capital lifted their price objective on shares of Envela from $7.00 to $9.00 and gave the company a "buy" rating in a research report on Thursday, May 8th.

Envela Stock Down 6.3%

NYSEAMERICAN:ELA opened at $6.09 on Wednesday. Envela has a twelve month low of $4.20 and a twelve month high of $7.88. The business's 50 day moving average price is $6.15. The firm has a market cap of $158.34 million, a P/E ratio of 25.38 and a beta of 0.35. The company has a current ratio of 4.76, a quick ratio of 2.08 and a debt-to-equity ratio of 0.25.

Hedge Funds Weigh In On Envela

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC increased its position in Envela by 113.7% during the 3rd quarter. Barclays PLC now owns 5,025 shares of the company's stock valued at $28,000 after purchasing an additional 2,674 shares during the period. Jane Street Group LLC increased its position in shares of Envela by 72.8% during the fourth quarter. Jane Street Group LLC now owns 30,343 shares of the company's stock worth $218,000 after acquiring an additional 12,783 shares in the last quarter. Ancora Advisors LLC purchased a new position in shares of Envela during the fourth quarter valued at approximately $244,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Envela by 217.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 38,839 shares of the company's stock valued at $279,000 after purchasing an additional 26,598 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Envela by 67.1% in the 4th quarter. Northern Trust Corp now owns 49,320 shares of the company's stock worth $354,000 after buying an additional 19,799 shares during the last quarter. Institutional investors and hedge funds own 8.15% of the company's stock.

Envela Company Profile

Envela Corporation, together with its subsidiaries, operates in the re-commerce sector in the United States. The company operates through two segments, Commercial-Services and Direct-To-Consumer. It provides end-of-life asset recycling; data destruction and IT asset management; and products, services, and solutions to industrial and commercial companies, as well as operates as a re-commerce retailers of luxury hard assets.

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