Envestnet, Inc. (NYSE:ENV - Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 2,230,000 shares, a decrease of 24.9% from the September 15th total of 2,970,000 shares. Based on an average daily trading volume, of 1,140,000 shares, the short-interest ratio is presently 2.0 days.
Envestnet stock traded up $0.03 during midday trading on Friday, reaching $62.67. The stock had a trading volume of 305,583 shares, compared to its average volume of 696,737. Envestnet has a twelve month low of $33.12 and a twelve month high of $73.04. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of -17.60 and a beta of 1.25. The firm's fifty day simple moving average is $62.60 and its two-hundred day simple moving average is $62.58.
Envestnet (NYSE:ENV - Get Free Report) last announced its quarterly earnings data on Friday, August 9th. The business services provider reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.07). The business had revenue of $348.30 million for the quarter, compared to analyst estimates of $342.90 million. Envestnet had a positive return on equity of 17.02% and a negative net margin of 19.33%. The company's revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 earnings per share. Equities analysts anticipate that Envestnet will post 1.71 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Envestnet by 45.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 154,843 shares of the business services provider's stock worth $8,968,000 after purchasing an additional 48,057 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in Envestnet during the first quarter worth $762,000. Vanguard Group Inc. raised its holdings in Envestnet by 12.9% during the fourth quarter. Vanguard Group Inc. now owns 6,015,454 shares of the business services provider's stock valued at $297,885,000 after buying an additional 687,202 shares in the last quarter. Natixis Advisors LLC acquired a new stake in shares of Envestnet in the second quarter worth about $718,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Envestnet by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,039,402 shares of the business services provider's stock worth $65,057,000 after acquiring an additional 73,751 shares in the last quarter.
Several equities analysts have recently commented on the stock. Raymond James lowered shares of Envestnet from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 17th. StockNews.com assumed coverage on shares of Envestnet in a research note on Friday. They issued a "sell" rating on the stock. William Blair reiterated a "market perform" rating on shares of Envestnet in a research report on Thursday, July 11th. DA Davidson restated a "neutral" rating and issued a $63.00 target price on shares of Envestnet in a research report on Wednesday, September 18th. Finally, UBS Group reaffirmed a "neutral" rating and set a $63.15 target price (down previously from $75.00) on shares of Envestnet in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $61.88.
Check Out Our Latest Research Report on 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.
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