2 weeks Ago By ABMN Staff
StockNews.com started coverage on shares of Envestnet ( NYSE:ENV – Free Report ) in a report published on Wednesday morning. The firm issued a sell rating on the business services provider’s stock.
Separately, DA Davidson reiterated a “neutral” rating and issued a $63.00 price objective on shares of Envestnet in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock.
According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $61.88.
Get Our Latest Stock Analysis on Envestnet Envestnet Stock Performance Institutional Investors Weigh In On Envestnet Hedge funds and other institutional investors have recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in Envestnet during the 2nd quarter worth about $46,000. Longfellow Investment Management Co.
LLC acquired a new position in shares of Envestnet in the 3rd quarter valued at $71,000. Quest Partners LLC increased its position in shares of Envestnet by 6,220.8% in the 2nd quarter.
Quest Partners LLC now owns 1,517 shares of the business services provider’s stock valued at $95,000 after buying an additional 1,493 shares in the last quarter. SG Americas Securities LLC bought a new position in Envestnet during the first quarter worth about $168,000. Finally, Federated Hermes Inc.
increased its holdings in shares of Envestnet by 80.0% in the second quarter. Federated Hermes Inc.
now owns 2,700 shares of the business services provider’s stock worth $169,000 after acquiring an additional 1,200 shares in the last quarter. Envestnet Company Profile ( Get Free Report ) Envestnet, Inc, through its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through two segments: Envestnet Wealth Solutions and Envestnet Data & Analytics.
The Envestnet Wealth Solutions segment offers Envestnet | Enterprise, an end-to-end open architecture wealth management platform, as well as offers data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Wealth Analytics that transforms data into actionable intelligence; Envestnet | Tamarac which provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry. Further Reading Receive News & Ratings for Envestnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Envestnet and related companies with MarketBeat.com's FREE daily email newsletter .
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