U.S. markets open in 3 hours 47 minutes
  • S&P Futures

    4,161.25
    -14.50 (-0.35%)
     
  • Dow Futures

    34,130.00
    -76.00 (-0.22%)
     
  • Nasdaq Futures

    12,728.75
    -48.00 (-0.38%)
     
  • Russell 2000 Futures

    1,969.00
    -10.30 (-0.52%)
     
  • Crude Oil

    78.17
    +1.03 (+1.34%)
     
  • Gold

    1,893.40
    +8.60 (+0.46%)
     
  • Silver

    22.46
    +0.28 (+1.28%)
     
  • EUR/USD

    1.0749
    +0.0018 (+0.17%)
     
  • 10-Yr Bond

    3.6740
    0.0000 (0.00%)
     
  • Vix

    18.85
    -0.58 (-2.99%)
     
  • GBP/USD

    1.2092
    +0.0041 (+0.34%)
     
  • USD/JPY

    130.8650
    -0.2070 (-0.16%)
     
  • BTC-USD

    23,168.46
    +146.21 (+0.64%)
     
  • CMC Crypto 200

    534.20
    +8.24 (+1.57%)
     
  • FTSE 100

    7,927.92
    +63.21 (+0.80%)
     
  • Nikkei 225

    27,606.46
    -79.01 (-0.29%)
     

Should You Think About Buying Envestnet, Inc. (NYSE:ENV) Now?

While Envestnet, Inc. (NYSE:ENV) might not be the most widely known stock at the moment, it received a lot of attention from a substantial price increase on the NYSE over the last few months. With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. However, could the stock still be trading at a relatively cheap price? Let’s examine Envestnet’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.

Check out our latest analysis for Envestnet

What's The Opportunity In Envestnet?

Great news for investors – Envestnet is still trading at a fairly cheap price. According to my valuation, the intrinsic value for the stock is $86.34, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low. What’s more interesting is that, Envestnet’s share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.

Can we expect growth from Envestnet?

earnings-and-revenue-growth
earnings-and-revenue-growth

Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to grow by 87% over the next year, the near-term future seems bright for Envestnet. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.

What This Means For You

Are you a shareholder? Since ENV is currently undervalued, it may be a great time to accumulate more of your holdings in the stock. With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as capital structure to consider, which could explain the current undervaluation.

Are you a potential investor? If you’ve been keeping an eye on ENV for a while, now might be the time to make a leap. Its buoyant future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy ENV. But before you make any investment decisions, consider other factors such as the strength of its balance sheet, in order to make a well-informed investment decision.

It can be quite valuable to consider what analysts expect for Envestnet from their most recent forecasts. So feel free to check out our free graph representing analyst forecasts.

If you are no longer interested in Envestnet, you can use our free platform to see our list of over 50 other stocks with a high growth potential.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here