Will Investors Now Buy Envestnet (NYSE:ENV) Stock Following Today’s, DA Davidson Upgrades?

November 9, 2018 - By Lena Young

Envestnet, Inc. (NYSE:ENV) Logo

Investors sentiment increased to 1.77 in 2018 Q2. Its up 0.41, from 1.36 in 2018Q1. It is positive, as 20 investors sold Envestnet, Inc. shares while 40 reduced holdings. 39 funds opened positions while 67 raised stakes. 42.61 million shares or 5.70% more from 40.31 million shares in 2018Q1 were reported.

Raymond James And Associates owns 33,021 shares. Tower Rech Ltd Liability Com (Trc) reported 1,628 shares. Glenmede Co Na has invested 0% in Envestnet, Inc. (NYSE:ENV). Credit Agricole S A holds 0.06% or 15,200 shares. Fiera Capital owns 461,346 shares. Cramer Rosenthal Mcglynn Limited Liability Company holds 261,733 shares or 0.26% of its portfolio. The Colorado-based Public Employees Retirement Association Of Colorado has invested 0% in Envestnet, Inc. (NYSE:ENV). Franklin Resources Incorporated stated it has 634,954 shares or 0.02% of all its holdings. Moreover, Utd Svcs Automobile Association has 0% invested in Envestnet, Inc. (NYSE:ENV). Dupont Cap owns 11,201 shares for 0.01% of their portfolio. Parametric Port Lc, Washington-based fund reported 90,163 shares. Ameritas Prtn Inc holds 0.01% of its portfolio in Envestnet, Inc. (NYSE:ENV) for 3,782 shares. Wells Fargo & Mn reported 0.06% of its portfolio in Envestnet, Inc. (NYSE:ENV). Brown Advisory Inc holds 0.06% or 336,604 shares in its portfolio. 1,212 are owned by Huntington Natl Bank.

Since May 21, 2018, it had 0 insider buys, and 13 insider sales for $3.78 million activity. Another trade for 133 shares valued at $7,854 was made by CROWELL GAYLE A on Monday, July 9. $1.48 million worth of stock was sold by Bergman Judson on Wednesday, August 22. Mayer Joshua sold $320,857 worth of stock. O’Brien Shelly had sold 4,000 shares worth $216,925. Roame Charles sold $470,256 worth of stock.

Envestnet (NYSE:ENV) Stock Upgrade

DA Davidson has upgraded shares of Envestnet (NYSE:ENV) stock to a “Buy” in a report issued to clients and investors today. ENV’s past rating was only a “Neutral”.

Envestnet, Inc. (NYSE:ENV) Ratings Coverage

Among 2 analysts covering Envestnet (NYSE:ENV), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Envestnet has $70 highest and $68 lowest target. $69’s average target is 19.63% above currents $57.68 stock price. Envestnet had 2 analyst reports since July 12, 2018 according to SRatingsIntel. As per Friday, August 10, the company rating was maintained by UBS.

The stock increased 9.24% or $4.88 during the last trading session, reaching $57.68. About 925,313 shares traded or 243.88% up from the average. Envestnet, Inc. (NYSE:ENV) has risen 37.28% since November 9, 2017 and is uptrending. It has outperformed by 21.66% the S&P500.

Analysts await Envestnet, Inc. (NYSE:ENV) to report earnings on November, 14. They expect $0.34 earnings per share, up 36.00 % or $0.09 from last year’s $0.25 per share. ENV’s profit will be $15.43 million for 42.41 P/E if the $0.34 EPS becomes a reality. After $0.23 actual earnings per share reported by Envestnet, Inc. for the previous quarter, Wall Street now forecasts 47.83 % EPS growth.

Envestnet, Inc., together with its subsidiaries, provides financial and wealth management software and services in the United States and internationally. The company has market cap of $2.62 billion. It operates through Envestnet and Envestnet | Yodlee business divisions. It has a 142.42 P/E ratio. The companyÂ’s product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, and sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides a portfolio of accounting, rebalancing, trading, performance reporting, and client relationship management software, primarily to high-end registered investment advisers; Envestnet | Retirement Solutions , which offers a suite of services for advisor-sold retirement plans; and Envestnet | PMC (Portfolio Management Consultants) that provides research due diligence and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.

More news for Envestnet, Inc. (NYSE:ENV) were recently published by: Streetinsider.com, which released: “DA Davidson Upgrades Envestnet (ENV) to Buy” on November 08, 2018. Businesswire.com‘s article titled: “Envestnet Reports Third Quarter 2018 Financial Results” and published on November 07, 2018 is yet another important article.

Envestnet, Inc. (NYSE:ENV) Institutional Positions Chart

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