Stick With Envestnet Inc. (ENV). The Bull Are Alive And Well

Currently, there are 54.01M common shares owned by the public and among those 53.92M shares have been available to trade.

Insiders at the company have transacted a total of 60 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 121,684 shares. Insider sales of the common stock occurred on 39 occasions, with total insider shares sold totaling 53,582 shares.

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The company’s stock has a 5-day price change of -0.55% and 38.12% over the past three months. ENV shares are trading 5.07% year to date (YTD), with the 12-month market performance down to -20.81% lower. It has a 12-month low price of $33.12 and touched a high of $66.50 over the same period. ENV has an average intraday trading volume of 502.83K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.50%, 5.43%, and 4.12% respectively.

Institutional ownership of Envestnet Inc. (NYSE: ENV) shares accounts for 108.11% of the company’s 54.01M shares outstanding.

It has a market capitalization of $2.84B and a beta (3y monthly) value of 1.31. The earnings-per-share (ttm) stands at -$1.85. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.67% over the week and 2.94% over the month.

Analysts forecast that Envestnet Inc. (ENV) will achieve an EPS of $0.53 for the current quarter, $0.56 for the next quarter and $2.62 for 2024. The lowest estimate earnings-per-share for the quarter is $0.52 while analysts give the company a high EPS estimate of $0.58. Comparatively, EPS for the current quarter was $0.45 a year ago. Earnings per share for the fiscal year are expected to increase by 8.02%, and 31.40% over the next financial year. EPS should grow at an annualized rate of 15.00% over the next five years, compared to -81.86% over the past 5-year period.

Looking at the support for the ENV, a number of firms have released research notes about the stock. Raymond James stated their Outperform rating for the stock in a research note on January 06, 2023, with the firm’s price target at $63-$71.

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