Envestnet (ENV) Receiving Very Favorable News Coverage, Accern Reports
Headlines about Envestnet (NYSE:ENV) have been trending very positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Envestnet earned a daily sentiment score of 0.57 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 47.9127129438343 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Trump’s Attack on Amazon Actually Has Its Precedents (wired.com)
- Zacks: Analysts Anticipate Envestnet (ENV) Will Announce Quarterly Sales of $191.53 Million (americanbankingnews.com)
- Envestnet (ENV) Expected to Announce Earnings of $0.36 Per Share (americanbankingnews.com)
- Edited Transcript of ENV presentation 7-Mar-17 9:35pm GMT (finance.yahoo.com)
- Envestnet (ENV) Price Target Raised to $48.00 at Raymond James Financial (americanbankingnews.com)
A number of research analysts have commented on the stock. Sandler O’Neill reaffirmed a “hold” rating and issued a $56.00 target price on shares of Envestnet in a research report on Tuesday, April 10th. ValuEngine raised shares of Envestnet from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research cut shares of Envestnet from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Envestnet currently has a consensus rating of “Buy” and an average target price of $55.11.
Envestnet (NYSE:ENV) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. The business had revenue of $182.86 million for the quarter, compared to analysts’ expectations of $179.20 million. Envestnet had a negative net margin of 0.48% and a positive return on equity of 9.93%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 earnings per share. analysts predict that Envestnet will post 1.29 EPS for the current year.
In related news, insider Anil Arora sold 7,109 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $54.80, for a total transaction of $389,573.20. Following the sale, the insider now directly owns 96,386 shares in the company, valued at $5,281,952.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gayle A. Crowell sold 746 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $53.20, for a total transaction of $39,687.20. The disclosure for this sale can be found here. Insiders have sold 63,767 shares of company stock worth $3,711,157 in the last three months. Corporate insiders own 5.58% of the company’s stock.
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Envestnet, Inc, together with its subsidiaries, provides financial and wealth management software and services in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee business segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, and sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides a portfolio of accounting, rebalancing, trading, performance reporting, and client relationship management software, primarily to high-end registered investment advisers; Envestnet | Retirement Solutions, which offers a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provides research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.
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