Envestnet Inc. (NYSE: ENV) is 15.15% higher on its value in year-to-date trading and has touched a low of $33.12 and a high of $66.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ENV stock was last observed hovering at around $57.07 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $57.02, the stock is 2.67% and 7.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.74 million and changing -0.09% at the moment leaves the stock 14.56% off its SMA200. ENV registered -2.46% loss for a year compared to 6-month gain of 38.60%. The firm has a 50-day simple moving average (SMA 50) of $3.23 and a 200-day simple moving average (SMA200) of -$51.05.
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The stock witnessed a 10.85% loss in the last 1 month and extending the period to 3 months gives it a 17.76%, and is -1.11% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.64% over the week and 2.78% over the month.
Envestnet Inc. (ENV) has around 3100 employees, a market worth around $3.14B and $1.25B in sales. Fwd P/E is 18.20. Profit margin for the company is -19.17%. Distance from 52-week low is 72.16% and -14.26% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.45%).
Envestnet Inc. quarterly earnings per share for the current quarter are estimated at $0.55 with sales reaching $324.63M over the same period.The EPS is expected to grow by 23.69% this year, but quarterly earnings will post 10.80% year-over-year. Quarterly sales are estimated to grow 8.70% in year-over-year returns.
320 institutions hold shares in Envestnet Inc. (ENV), with institutional investors hold 110.31% of the company’s shares. The shares outstanding are 54.77M, and float is at 54.20M with Short Float at 8.49%. Institutions hold 108.77% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 7.92 million shares valued at $470.24 million. The investor’s holdings represent 14.53% of the ENV Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 5.36 million shares valued at $318.06 million to account for 9.83% of the shares outstanding. The other top investors are Impactive Capital, LP which holds 4.15 million shares representing 7.61% and valued at over $246.36 million, while JP Morgan Chase & Company holds 5.77% of the shares totaling 3.14 million with a market value of $186.61 million.
Envestnet Inc. (ENV) Insider Activity
The most recent transaction is an insider sale by Majoros Matthew, the company’s Principal Accounting Officer. SEC filings show that Majoros Matthew sold 700 shares of the company’s common stock on Mar 25 ’24 at a price of $56.92 per share for a total of $39844.0. Following the sale, the insider now owns 15212.0 shares.
Envestnet Inc. disclosed in a document filed with the SEC on Mar 15 ’24 that Wolfe Lauren Taylor (Director) bought a total of 1,670 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $52.99 per share for $88493.0. Following the transaction, the insider now directly holds 4.19 million shares of the ENV stock.
Still, SEC filings show that on Mar 07 ’24, Wolfe Lauren Taylor (Director) acquired 21,761 shares at an average price of $52.62 for $1.15 million. The insider now directly holds 4,183,729 shares of Envestnet Inc. (ENV).
