Envestnet (ENV) Earning Somewhat Positive Media Coverage, Accern Reports
News articles about Envestnet (NYSE:ENV) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Envestnet earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 45.9430348600942 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- GRP Advisor Alliance Partners with Envestnet | Retirement Solutions and Reliance Trust to Launch Foundational Retirement Solutions Suite of CITs (finance.yahoo.com)
- $171.60 Million in Sales Expected for Envestnet, Inc (ENV) This Quarter (americanbankingnews.com)
- Envestnet | Yodlee AI FinCheck App Wins Best of Show at FinovateFall 2017 (finance.yahoo.com)
- Envestnet | PMC Unveils Gender-Focused Impact Quantitative Portfolio (finance.yahoo.com)
- Envestnet | Yodlee Demonstrates the Artificial Intelligence FinCheck App for Personal Financial Wellness at FinovateFall (finance.yahoo.com)
Envestnet (NYSE ENV) opened at 47.10 on Friday. The stock’s market cap is $2.07 billion. Envestnet has a 12 month low of $30.80 and a 12 month high of $47.25. The stock has a 50 day moving average price of $42.78 and a 200-day moving average price of $37.81.
Envestnet (NYSE:ENV) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). The firm had revenue of $167.50 million during the quarter, compared to analyst estimates of $164.04 million. Envestnet had a negative net margin of 8.93% and a positive return on equity of 7.78%. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. On average, analysts expect that Envestnet will post $1.29 EPS for the current year.
Several research analysts have issued reports on ENV shares. Stifel Nicolaus reiterated a “buy” rating and issued a $52.00 price objective (up previously from $45.00) on shares of Envestnet in a research report on Thursday, August 10th. Zacks Investment Research cut Envestnet from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. Raymond James Financial, Inc. increased their price objective on Envestnet from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. DA Davidson started coverage on Envestnet in a research report on Thursday, July 6th. They issued a “neutral” rating and a $42.00 price objective for the company. Finally, William Blair reiterated a “buy” rating on shares of Envestnet in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $45.50.
In other news, Director Gayle A. Crowell sold 746 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $39.80, for a total transaction of $29,690.80. Following the sale, the director now directly owns 801 shares of the company’s stock, valued at $31,879.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joshua Mayer sold 1,500 shares of the business’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $43.66, for a total value of $65,490.00. Following the sale, the chief operating officer now directly owns 13,796 shares in the company, valued at $602,333.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,718 shares of company stock valued at $1,420,284. Insiders own 7.80% of the company’s stock.
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.
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