Positive Media Coverage Somewhat Unlikely to Affect Envestnet (ENV) Share Price

News headlines about Envestnet (NYSE:ENV) have been trending positive recently, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Envestnet earned a coverage optimism score of 0.29 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 47.3404036322266 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Envestnet (NYSE ENV) opened at $54.95 on Friday. The company has a market cap of $2,286.18, a P/E ratio of -44.67, a price-to-earnings-growth ratio of 2.64 and a beta of 1.96. Envestnet has a 1 year low of $30.80 and a 1 year high of $55.65. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.90 and a quick ratio of 0.90.

Several equities analysts have commented on the stock. Royal Bank of Canada reissued a “hold” rating on shares of Envestnet in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of Envestnet from a “hold” rating to a “strong-buy” rating and set a $60.00 price target for the company in a research report on Tuesday, January 9th. Stifel Nicolaus reissued a “buy” rating and issued a $62.00 price target (up previously from $52.00) on shares of Envestnet in a research report on Thursday, November 9th. Finally, UBS Group decreased their price target on shares of Envestnet from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 17th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $55.00.

In other news, COO Joshua Mayer sold 30,800 shares of Envestnet stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $52.06, for a total transaction of $1,603,448.00. Following the completion of the sale, the chief operating officer now directly owns 51,207 shares of the company’s stock, valued at approximately $2,665,836.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Anil Arora sold 10,000 shares of Envestnet stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $53.88, for a total transaction of $538,800.00. Following the sale, the insider now directly owns 110,731 shares of the company’s stock, valued at $5,966,186.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 187,694 shares of company stock valued at $9,480,716. Corporate insiders own 7.80% of the company’s stock.

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About Envestnet

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.

Insider Buying and Selling by Quarter for Envestnet (NYSE:ENV)

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