Envestnet (NYSE:ENV) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Envestnet (NYSE:ENV) in a report released on Friday morning. The firm issued a sell rating on the business services provider’s stock.

Separately, DA Davidson reaffirmed a “neutral” rating and set a $63.00 target price on shares of Envestnet in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Envestnet has a consensus rating of “Hold” and a consensus target price of $61.88.

Envestnet Price Performance

ENV stock opened at $63.14 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 0.59. Envestnet has a 52 week low of $36.43 and a 52 week high of $73.04. The firm’s fifty day moving average is $62.87 and its 200 day moving average is $62.85. The firm has a market cap of $3.49 billion, a P/E ratio of -13.24 and a beta of 1.25.

Institutional Investors Weigh In On Envestnet

Large investors have recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in Envestnet in the 2nd quarter worth $46,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Envestnet during the 3rd quarter valued at about $71,000. Quest Partners LLC boosted its stake in shares of Envestnet by 6,220.8% during the 2nd quarter. Quest Partners LLC now owns 1,517 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 1,493 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Envestnet by 54.2% during the 3rd quarter. SG Americas Securities LLC now owns 2,687 shares of the business services provider’s stock valued at $168,000 after purchasing an additional 945 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Envestnet by 80.0% during the 2nd quarter. Federated Hermes Inc. now owns 2,700 shares of the business services provider’s stock valued at $169,000 after purchasing an additional 1,200 shares in the last quarter.

About Envestnet

Envestnet, Inc, through its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through two segments: Envestnet Wealth Solutions and Envestnet Data & Analytics. The Envestnet Wealth Solutions segment offers Envestnet | Enterprise, an end-to-end open architecture wealth management platform, as well as offers data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Wealth Analytics that transforms data into actionable intelligence; Envestnet | Tamarac which provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry.