Media headlines about Envestnet (NYSE:ENV) have trended very positive recently, Alpha One Sentiment Analysis reports. The research firm, a service of Accern, identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Envestnet earned a daily sentiment score of 0.61 on Alpha One’s scale. Alpha One also gave media stories about the business services provider an impact score of 92 out of 100, indicating that recent news coverage is extremely likely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected AlphaOne Sentiment’s scoring:
- Envestnet | Retirement Solutions Extends Fiduciary Support to TIAA Custom Portfolios (bizjournals.com)
- ETFs with exposure to Envestnet, Inc. : May 16, 2017 (finance.yahoo.com)
- Envestnet, Inc. :ENV-US: Earnings Analysis: Q1, 2017 By the Numbers : May 15, 2017 (finance.yahoo.com)
- Envestnet Inc (ENV) Given Hold Rating at Royal Bank of Canada (americanbankingnews.com)
A number of analysts have recently weighed in on ENV shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $48.00 price objective on shares of Envestnet in a research report on Friday, March 24th. Zacks Investment Research lowered Envestnet from a “buy” rating to a “hold” rating in a research report on Wednesday, March 29th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $40.00 price objective on shares of Envestnet in a research report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Envestnet currently has an average rating of “Hold” and a consensus price target of $36.90.
Envestnet (NYSE:ENV) opened at 35.55 on Friday. The stock’s market cap is $1.56 billion. The company has a 50-day moving average price of $34.60 and a 200 day moving average price of $35.76. Envestnet has a 12-month low of $30.80 and a 12-month high of $41.47.
Envestnet (NYSE:ENV) last posted its earnings results on Wednesday, May 10th. The business services provider reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The business had revenue of $157.80 million for the quarter, compared to analyst estimates of $155.56 million. Envestnet had a negative net margin of 4.97% and a positive return on equity of 3.91%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 EPS. On average, equities research analysts predict that Envestnet will post $1.26 EPS for the current year.
In other Envestnet news, Director Gayle A. Crowell sold 746 shares of the business’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $39.00, for a total value of $29,094.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Judson Bergman acquired 1,000 shares of the business’s stock in a transaction on Friday, March 31st. The stock was purchased at an average price of $32.40 per share, for a total transaction of $32,400.00. Following the acquisition, the chief executive officer now directly owns 665,259 shares in the company, valued at $21,554,391.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 1,533 shares of company stock worth $50,272 and have sold 30,901 shares worth $1,077,399. Insiders own 7.80% of the company’s stock.
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Envestnet, Inc is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.
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