Envestnet, Inc (NYSE:ENV):
Envestnet | Yodlee Unveils Personal Financial Wellness Solution Powered by Data Intelligence.
The company is so far trading unchanged by 0.00 percent from yesterday’s close.
Envestnet, Inc., launched on February 11, 2004, is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Business’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions. Its Envestnet Yodlee segment is a data aggregation and data analytics platform. The Business’s services and related technology are provided through Envestnet’s wealth management software, Envestnet PMC, Envestnet Tamarac, Vantage Reporting Solution, Envestnet WMS, Envestnet Placemark, Envestnet Retirement Solutions, Envestnet Yodlee and Envestnet Finance Logix. The Company operates Registered Investment Advisors (RIAs) and a registered broker-dealer..
It is trading at $37.40 which is just over $35.65, the stock’s 50 day moving average and marginally over the 200 day moving average of $35.85. The 50 day moving average went up by +4.92% and the 200 day average was up $1.55.
In the latest earnings report the EPS was $-1.34 and is expected to be $1.26 for the current year with 43,828,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.34 and the next full year EPS is projected to be $1.62.
Brokerages have issued ratings on ENV of late. On June 2 the company was upgraded from “Neutral” to “Buy” by analysts at UBS. On March 24 analysts at Jefferies starting coverage on the stock with an initial rating of “Buy” and price target of $48.00.
On February 29 JP Morgan held the company rating at “Market Outperform” and moved down the price target to $36.00 from $60.00. February 26 investment analysts at Northland Securities left the company rating at “Outperform” but lowered the price target to $35.00 from $45.00.
On August 11 the stock rating was downgraded to “Market Perform” from “Outperform” in a statement from Avondale Partners. On July 9, 2015 Northland Securities initiated coverage on ENV giving it an initial rating of “Outperform” and a price target of $50.00.