Envestnet Stock Price, News & Analysis (NYSE:ENV)

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Envestnet in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ENV shares.
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6 brokers have issued twelve-month price targets for Envestnet's stock. Their ENV share price targets range from $46.00 to $76.00. On average, they expect the company's share price to reach $59.57 in the next year. This suggests a possible upside of 41.7% from the stock's current price.
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Envestnet's stock was trading at $61.70 at the beginning of the year. Since then, ENV stock has decreased by 31.9% and is now trading at $42.04.
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Envestnet saw a increase in short interest in October. As of October 31st, there was short interest totaling 4,930,000 shares, an increase of 12.8% from the October 15th total of 4,370,000 shares. Based on an average daily volume of 718,600 shares, the short-interest ratio is presently 6.9 days. Approximately 9.5% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our ENV earnings forecast.

Envestnet, Inc. (NYSE:ENV) posted its earnings results on Wednesday, November, 8th. The business services provider reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.04. The business services provider had revenue of $316.85 million for the quarter, compared to analyst estimates of $318.45 million. Envestnet had a negative net margin of 7.54% and a positive trailing twelve-month return on equity of 9.32%.

ETFs with the largest weight of Envestnet (NYSE:ENV) stock in their portfolio include Global X FinTech Thematic ETF (FINX), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) and SPDR S&P Software & Services ETF (XSW).Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR).

Envestnet issued an update on its fourth quarter earnings guidance on Wednesday, November, 8th. The company provided EPS guidance of $0.51-0.54 for the period, compared to the consensus earnings per share estimate of $0.65. The company issued revenue guidance of $309-314 million, compared to the consensus revenue estimate of $323.35 million.

44 employees have rated Envestnet Chief Executive Officer Bill Crager on Glassdoor.com. Bill Crager has an approval rating of 100% among the company's employees. This puts Bill Crager in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Envestnet investors own include Hawkins (HWKN), CA (CA), BlackRock (BLK), Endologix (ELGX), Micron Technology (MU), Chipotle Mexican Grill (CMG), Crown Castle (CCI), Transocean (RIG), Alibaba Group (BABA) and Intel (INTC).

Envestnet's stock is owned by a variety of institutional and retail investors. Top institutional investors include Van Berkom & Associates Inc. (3.23%), Earnest Partners LLC (2.81%), Brown Advisory Inc. (2.26%), Clearbridge Investments LLC (2.18%), RGM Capital LLC (1.51%) and Northern Trust Corp (1.35%). Insiders that own company stock include Barbara Turner, Barry D Cooper, Matthew Majoros, Shelly O'brien, Stuart Depina and William Crager.
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Shares of ENV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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