Envestnet (NYSE:ENV) issued its quarterly earnings data on Thursday. The company reported $0.13 earnings per share for the quarter, StockRatingsNetwork.com reports. The company had revenue of $51.63 million for the quarter, compared to the consensus estimate of $51.21 million. During the same quarter last year, the company posted $0.07 earnings per share. Envestnet’s revenue was up 36.0% compared to the same quarter last year.
ENV has been the subject of a number of recent research reports. Analysts at Sidoti downgraded shares of Envestnet from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, July 2nd. On a related note, analysts at UBS AG downgraded shares of Envestnet from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, July 2nd. They now have a $27.00 price target on the stock, up previously from $22.00. They noted that the move was a valuation call. Finally, analysts at Sandler O’Neill raised their price target on shares of Envestnet from $16.00 to $20.00 in a research note to investors on Monday, May 20th. They now have a “hold” rating on the stock.
Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.80.
Envestnet (NYSE:ENV) traded up 0.11% on Friday, hitting $26.45. Envestnet has a 52-week low of $11.16 and a 52-week high of $29.10. The stock’s 50-day moving average is currently $25.85. The company has a market cap of $857.3 million and a price-to-earnings ratio of 3302.50.
Envestnet, Inc (NYSE:ENV) is a provider of wealth management solutions to financial advisors and institutions.