Envestnet (ENV) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Envestnet in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ENV shares.
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8 Wall Street analysts have issued 1 year target prices for Envestnet's shares. Their ENV share price forecasts range from $47.00 to $80.00. On average, they predict the company's stock price to reach $63.75 in the next twelve months. This suggests a possible upside of 21.0% from the stock's current price.
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Envestnet's stock was trading at $61.70 at the beginning of 2023. Since then, ENV stock has decreased by 14.6% and is now trading at $52.68.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our ENV earnings forecast.

Envestnet, Inc. (NYSE:ENV) released its quarterly earnings data on Monday, November, 8th. The business services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The business services provider earned $303.10 million during the quarter, compared to analysts' expectations of $300.78 million. Envestnet had a negative net margin of 8.90% and a positive trailing twelve-month return on equity of 7.31%. The company's revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share.

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), SPDR S&P Software & Services ETF (XSW), iShares Exponential Technologies ETF (XT), Nuveen ESG Small-Cap ETF (NUSC), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), Principal U.S. Small-Cap Multi-Factor ETF (PSC) and iShares Russell 2000 Growth ETF (IWO).

Envestnet updated its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $0.45-$0.46 for the period, compared to the consensus EPS estimate of $0.50. The company issued revenue guidance of $312.00 million-$315.00 million, compared to the consensus revenue estimate of $316.99 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "ENV."

Envestnet's stock is owned by a number of retail and institutional investors. Top institutional investors include Brown Advisory Inc. (2.54%), Stephens Investment Management Group LLC (2.45%), Clearbridge Investments LLC (2.19%), RGM Capital LLC (2.05%), Geode Capital Management LLC (1.90%) and Dimensional Fund Advisors LP (1.70%). Insiders that own company stock include Anil Arora, Barry D Cooper, Brandon Thomas, Joshua Mayer, 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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One share of ENV stock can currently be purchased for approximately $52.68.

Envestnet (NYSE:ENV) has a market capitalization of $2.87 billion and generates $1.24 billion in revenue each year. The business services provider earns $-80,940,000.00 in net income (profit) each year or ($2.16) on an earnings per share basis.

The company employs 3,429 workers across the globe.

Envestnet's mailing address is 35 EAST WACKER DRIVE SUITE 2400, CHICAGO IL, 60601. The official website for the company is www.envestnet.com. The business services provider can be reached via phone at (312) 827-2800, via email at investor.relations@envestnet.com, or via fax at 312-827-2801.