Envestnet (ENV) to Release Quarterly Earnings on Thursday

Envestnet (NYSE:ENV) is scheduled to be releasing its earnings data after the market closes on Thursday, February 22nd. Analysts expect Envestnet to post earnings of $0.39 per share for the quarter.

Envestnet (ENV) opened at $56.00 on Tuesday. Envestnet has a 12-month low of $30.80 and a 12-month high of $56.35. The stock has a market cap of $2,481.13, a PE ratio of 71.79, a P/E/G ratio of 2.79 and a beta of 1.96. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 0.90.

In other Envestnet news, CFO Peter D’arrigo sold 20,000 shares of Envestnet stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $48.11, for a total value of $962,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Judson Bergman sold 10,000 shares of Envestnet stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $49.77, for a total transaction of $497,700.00. Following the completion of the transaction, the chief executive officer now directly owns 742,569 shares of the company’s stock, valued at $36,957,659.13. The disclosure for this sale can be found here. Insiders sold 177,694 shares of company stock valued at $8,981,616 over the last ninety days. Corporate insiders own 5.58% of the company’s stock.

A number of brokerages recently issued reports on ENV. Royal Bank of Canada reissued a “hold” rating on shares of Envestnet in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of Envestnet from a “hold” rating to a “strong-buy” rating and set a $60.00 price target for the company in a research report on Tuesday, January 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $62.00 target price (up from $52.00) on shares of Envestnet in a report on Thursday, November 9th. Finally, UBS Group decreased their target price on shares of Envestnet from $63.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 17th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $55.00.

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About Envestnet

Envestnet, Inc is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.

Earnings History for Envestnet (NYSE:ENV)

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