Is Envestnet (NYSE:ENV) a Buy or a Sell? What Does JP Morgan Think?

July 12, 2018 - By Bradley Stiles

Envestnet, Inc. (NYSE:ENV) Logo

Investors sentiment decreased to 1.36 in Q1 2018. Its down 0.37, from 1.73 in 2017Q4. It turned negative, as 20 investors sold Envestnet, Inc. shares while 52 reduced holdings. 34 funds opened positions while 64 raised stakes. 40.31 million shares or 0.76% more from 40.01 million shares in 2017Q4 were reported.

Stifel Fincl, a Missouri-based fund reported 22,958 shares. Parametric Port Associates Ltd holds 0.01% of its portfolio in Envestnet, Inc. (NYSE:ENV) for 116,563 shares. Caxton Ltd Partnership holds 0.02% or 5,687 shares. Sei Communication invested in 0% or 4,153 shares. 11 are held by Signaturefd Limited Liability. Blair William Comm Il stated it has 0.05% in Envestnet, Inc. (NYSE:ENV). Rhumbline Advisers accumulated 41,578 shares or 0% of the stock. Amp Investors Ltd holds 0% or 6,408 shares in its portfolio. Three Corner L P has invested 6.3% in Envestnet, Inc. (NYSE:ENV). Van Berkom And Associate invested in 2.24% or 1.29M shares. Barclays Public Ltd Company holds 22,391 shares. Federated Incorporated Pa has 0.02% invested in Envestnet, Inc. (NYSE:ENV). Front Barnett owns 0.08% invested in Envestnet, Inc. (NYSE:ENV) for 8,008 shares. Voya Inv Mngmt Lc holds 0.08% or 615,599 shares in its portfolio. Stephens Invest Mgmt Gru Limited Com holds 1.04 million shares or 1.3% of its portfolio.

Since January 30, 2018, it had 1 buying transaction, and 18 insider sales for $4.89 million activity. Another trade for 366 shares valued at $20,899 was made by O’Brien Shelly on Monday, April 2. 746 shares were sold by CROWELL GAYLE A, worth $40,918 on Thursday, March 1. Another trade for 271 shares valued at $15,595 was made by Roame Charles on Tuesday, February 27. The insider Arora Anil sold 7,109 shares worth $389,573. 40,000 shares were sold by Grinis Scott D, worth $2.39 million on Thursday, March 22.

Why Has JP Morgan Given Envestnet (NYSE:ENV) a $70 Price Target

In a research note sent to clients and investors today, JP Morgan analysts began Envestnet (NYSE:ENV) coverage with “Overweight” rating, and a $70 target.

Envestnet, Inc. (NYSE:ENV) Ratings Coverage

Among 3 analysts covering Envestnet Inc (NYSE:ENV), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Envestnet Inc has $70.0 highest and $5600 lowest target. $63’s average target is 7.23% above currents $58.75 stock price. Envestnet Inc had 4 analyst reports since January 17, 2018 according to SRatingsIntel. The stock of Envestnet, Inc. (NYSE:ENV) earned “Hold” rating by Sandler O’Neill on Friday, February 23. The stock of Envestnet, Inc. (NYSE:ENV) has “Buy” rating given on Wednesday, January 17 by Jefferies. Sandler O’Neill maintained the stock with “Hold” rating in Tuesday, April 10 report.

The stock increased 2.71% or $1.55 during the last trading session, reaching $58.75. About 141,840 shares traded. Envestnet, Inc. (NYSE:ENV) has risen 52.72% since July 12, 2017 and is uptrending. It has outperformed by 40.15% the S&P500.

Analysts await Envestnet, Inc. (NYSE:ENV) to report earnings on August, 14. They expect $0.23 earnings per share, up 35.29 % or $0.06 from last year’s $0.17 per share. ENV’s profit will be $10.40 million for 63.86 P/E if the $0.23 EPS becomes a reality. After $0.24 actual earnings per share reported by Envestnet, Inc. for the previous quarter, Wall Street now forecasts -4.17 % negative 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 $2.66 billion. It operates through Envestnet and Envestnet | Yodlee business divisions. It has a 149.87 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: “JPMorgan Starts Envestnet (ENV) at Overweight; Sees Upside in 2019” on July 12, 2018. Benzinga.com‘s article titled: “Is SS&C Technologies A Buy At Its Current P/E Multiple?” and published on June 27, 2018 is yet another important article.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.