|Bid||60.36 x 1000|
|Ask||60.38 x 800|
|Day's Range||59.85 - 60.93|
|52 Week Range||46.57 - 73.94|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 5, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||74.73|
CHICAGO, Sept. 18, 2019 /PRNewswire/ -- Envestnet | Tamarac announced today a partnership with Syracuse, N.Y.-based Rockbridge Investment Management to provide reporting and trading technology services. The technology will support Rockbridge's goals for growth while simplifying back-end processes and improving client experience for the more than 750 families the firm serves. "We are delighted to partner with Rockbridge Investment Management, a former PortfolioCenter firm, to support their advisors and clients by helping deliver on their commitment to financial wellness," said Andina Anderson, Executive Managing Director of Envestnet | Tamarac.
CHICAGO , Sept. 4, 2019 /PRNewswire/ -- Envestnet's latest technology release focused on strengthening advisor-client relationships and helping enterprises and advisors efficiently deliver unified advice ...
The newest version of MoneyGuide integrated into Covr's digital insurance platform provides the ability for financial advisors to dynamically plan for clients' changing life insurance needs over time BOISE, ...
It’s no question that the fintech segment is a disruptive space within the market, transforming the way financial services activities such as banking, lending and credit cards are performed using computer programs and other technologies. The Global X FinTech ETF has been able to outpace the rest of the market with 30% growth year-to-date vs the S&P 500’s 16% gain. With noncash transactions expected to surpass $1 trillion in 2023, the space appears to only be getting bigger. Typically, a few large players like Visa (V), MasterCard (MA) and Square (SQ) come to mind when investors think of fintech stocks. That being said, there are lesser known fintech stocks that analysts believe make compelling investments. Let’s take a closer look at 3 under the radar fintech stocks garnering support from Wall Street analysts. BlackLine Inc. (BL)This fintech stock goes head to head with Oracle (ORCL) and has Gartner ranking it as a leader in “financial close solutions”. BlackLine’s innovative software-as-a-service (SaaS) platform automatically processes data, giving firms the ability to track ongoing operations in real-time. This saves time and resources by eliminates the need to have someone perform tedious accounting tasks manually.Companies of all sizes are recognizing BL’s potential. In its most recent quarter, BL added 106 new customers with the total number now reaching 2,813. Not to mention its revenue surged 26% year-over-year, helping the company make strides towards profitability.“Q2 was a good quarter driven by strong demand for our solution and a record number of large deals. BlackLine continues to be selected as the strategic partner of choice among organizations undergoing large, financial transformation projects. With this as our foundation, we will continue to focus on driving growth and delivering value to our customers.” CEO Therese Tucker said on August 1. The good news doesn’t end there, with BlackLine announcing a new tiered alliance program for consulting partners in August. All of this has been factored into one analyst’s bullish thesis. Robert Oliver, a five-star analyst according to TipRanks, believes that the large total addressable market lends itself to strong long-term growth potential. On August 2, he reiterated his Buy rating and raised the price target from $53 to $55. The Robert W. Baird analyst believes shares could gain 8% over the next twelve months.With 2 Buy ratings vs 1 Sell received over the last three months, the word on the Street is that BL is a ‘Moderate Buy’. Its $53 average price target suggests 3% upside potential. Envestnet Inc. (ENV)Envestnet stands to change the way financial advisors interact with their clients. Its flagship product provides a wealth management platform that integrates the software and services used by advisors. ENV has seen an impressive 42% gain in the last three years thanks to organic growth as well as its acquisition of analytics and AI company Wheelhouse back in 2016 and its partnership with BlackRock in 2018. While the company’s August 7 earnings release revealed that it had beaten EPS estimates in its last four quarters, investors were less impressed when it came to the slight revenue miss. Management attributes the shortcoming to a drop in subscription and licensing revenue.CEO Judson Bergman tells investors to be patient as it will take time for recent investments such as the acquisitions of PortfolioCenter in April and MoneyGuide in May to pay off. Jefferies analyst Surinder Thind agrees that investors shouldn’t be scared off by weaker Q2 results. “While the updated revenue guide is sure to disappoint, it does not signal a change in fundamentals,” he explained on August 8. As a result, the four-star analyst reiterated his Buy rating and raised the price target from $65 to $76. Thind believes shares could soar 34% in the next twelve months.The consensus among analysts is that ENV is a ‘Moderate Buy’. Its $75 average price target indicates 33% upside potential. Green Dot Corporation (GDOT) The last fintech on our list is unique in that it serves customers who either don’t have or can’t qualify for credit cards or checking accounts. Its strategy of catering to a customer base with a less reliable financial track record might not seem logical, but there is a substantial market for these services within the “underbanked” community.While the company is one of the riskier stocks we highlight, GDOT was able to post a second quarter earnings beat on August 7. EPS reached $0.90, exceeding the consensus estimate by 43%. However, GDOT lowered its full year guidance based on declining sales of its legacy prepaid credit card as well as a later launch date for its banking-as-a-service (BaaS) platform which the company has invested $60 million in.GDOT has changed its strategy, shifting focus away from its legacy products to expanding the BaaS segment. This move weighed on earnings and has caused a sense of uncertainty among investors. That being said, Jeff Cantwell, a five-star analyst, argues that it will take time for this shift to translate into revenue. “The company is in the midst of a painful model transition but the bad news is now baked into the shares. We believe Green Dot's risk/reward looks favorable at current levels following the recent selloff,” he explained on August 9. He adds that the company’s new products such as its savings account with a 3% annual yield rate could be the growth driver it needs. As a result, the Guggenheim analyst upgraded GDOT from a Hold to a Buy and set a $36 price target, implying 18% upside. All in all, the Street takes a slightly more cautious stance on GDOT. It has a ‘Moderate Buy’ analyst consensus and a $41 average price target, suggesting 36% upside potential.
Envestnet (ENV) delivered earnings and revenue surprises of 4.55% and -0.45%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Envestnet , a leading provider of intelligent systems for wealth management and financial wellness, today reported financial results for the three and six months ended June 30, 2019.
CEO of Envestnet Inc (30-Year Financial, Insider Trades) Judson Bergman (insider trades) sold 15,000 shares of ENV on 07/30/2019 at an average price of $70.85 a share. Continue reading...
Envestnet (ENV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
POWHATAN, Va., July 31, 2019 /PRNewswire/ -- Envestnet | MoneyGuide, the creator of a leading financial planning software, MoneyGuidePro®, announced today a new strategic alliance with Jackson National Life Insurance Company® (Jackson®), a leading provider of annuities in the U.S., to provide a new comprehensive retirement income module to help advisors better solve the retirement income needs of their clients.
MyBlocks is a revolutionary, digital client engagement tool that is transforming not only the way advisors motivate clients to achieve financial wellness, but also how advisors define advice. POWHATAN, Va., July 23, 2019 /PRNewswire/ -- Envestnet MoneyGuide, creator of the industry's leading financial planning software platform, today announced the enhanced release of MyBlocks, an innovative new digital client engagement tool. Applicable to all financial professionals, MyBlocks allows advisors to engage prospects and clients of all ages and financial backgrounds.
CEO of Envestnet Inc (ENV) Judson Bergman (insider trades) sold 15,000 shares of ENV on 07/10/2019 at an average price of $69.81 a share. Continue reading...
Is Envestnet Inc (NYSE:ENV) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks historically […]
CHICAGO , June 27, 2019 /PRNewswire/ -- Envestnet | Tamarac today announced that it will provide more than 200 Merrill Private Wealth Management teams with access to its award-winning portfolio management ...
Stocks with market capitalization between $2B and $10B, such as Envestnet, Inc. (NYSE:ENV) with a size of US$3.6b, do...
CHICAGO, June 19, 2019 /PRNewswire/ -- Envestnet | Tamarac (www.tamaracinc.com) announced that digital account-opening services for independent registered investment advisors (RIAs) are now widely available through TD Ameritrade Institutional and Schwab Advisor Services™, following a successful pilot. RIAs that manage client accounts custodied with TD Ameritrade Institutional and/or Schwab Advisor Services can dramatically streamline the onboarding process by eliminating manual data entry for account openings.