ENV - Envestnet, Inc.

NYSE - NYSE Delayed Price. Currency in USD
58.74
+1.90 (+3.34%)
At close: 4:02PM EDT
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Previous Close56.84
Open57.25
Bid58.78 x 800
Ask58.73 x 800
Day's Range57.20 - 59.00
52 Week Range46.57 - 73.94
Volume403,653
Avg. Volume351,446
Market Cap3.065B
Beta (3Y Monthly)1.26
PE Ratio (TTM)N/A
EPS (TTM)-0.30
Earnings DateNov 5, 2019 - Nov 11, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2011-09-16
1y Target Est74.73
Trade prices are not sourced from all markets
  • ADS vs. ENV: Which Stock Is the Better Value Option?
    Zacks

    ADS vs. ENV: Which Stock Is the Better Value Option?

    ADS vs. ENV: Which Stock Is the Better Value Option?

  • Thomson Reuters StreetEvents

    Edited Transcript of ENV earnings conference call or presentation 7-Aug-19 9:00pm GMT

    Q2 2019 Envestnet Inc Earnings Call

  • Envestnet Platform Enhancements Designed to Deepen Advisor-Client Relationships
    PR Newswire

    Envestnet Platform Enhancements Designed to Deepen Advisor-Client Relationships

    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 ...

  • Does Envestnet (NYSE:ENV) Have A Healthy Balance Sheet?
    Simply Wall St.

    Does Envestnet (NYSE:ENV) Have A Healthy Balance Sheet?

    David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

  • PR Newswire

    Covr Financial Technologies and Envestnet MoneyGuide Expand MoneyGuideElite Collaboration for Financial Advisors

    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, ...

  • 3 Under the Radar Fintech Stocks to Buy
    TipRanks

    3 Under the Radar Fintech Stocks to Buy

    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 Inc (ENV) Q2 2019 Earnings Call Transcript
    Motley Fool

    Envestnet Inc (ENV) Q2 2019 Earnings Call Transcript

    ENV earnings call for the period ending June 30, 2019.

  • Envestnet (ENV) Q2 Earnings Surpass Estimates
    Zacks

    Envestnet (ENV) Q2 Earnings Surpass Estimates

    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?

  • Business Wire

    Envestnet Reports Second Quarter 2019 Financial Results

    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.

  • GuruFocus.com

    Envestnet Inc (ENV) CEO Judson Bergman Sold $1.1 million of Shares

    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) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks

    Envestnet (ENV) Reports Next Week: Wall Street Expects Earnings Growth

    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.

  • Envestnet | MoneyGuide and Jackson Announce Strategic Integration Highlighting Value of Annuities Within Comprehensive Wealth Management Plan
    PR Newswire

    Envestnet | MoneyGuide and Jackson Announce Strategic Integration Highlighting Value of Annuities Within Comprehensive Wealth Management Plan

    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.

  • Envestnet MoneyGuide Releases MyBlocks, a Financial Wellness Ecosystem for Advisors to Prospect, Onboard, and Engage Clients
    PR Newswire

    Envestnet MoneyGuide Releases MyBlocks, a Financial Wellness Ecosystem for Advisors to Prospect, Onboard, and Engage 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.

  • GuruFocus.com

    Envestnet Inc (ENV) CEO Judson Bergman Sold $1 million of Shares

    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...

  • GuruFocus.com

    Envestnet Inc (ENV) CEO Judson Bergman Sold $513,750 of Shares

    CEO of Envestnet Inc (NYSE:ENV) Judson Bergman sold 7,500 shares of ENV on 07/02/2019 at an average price of $68.5 a share.

  • Barrons.com

    Merrill Lynch Adopts Envestnet Tamarac Technology

    The wirehouse will give advisors serving its wealthiest clients access to Tamarac’s performance reporting technology.

  • Hedge Funds Have Never Been This Bullish On Envestnet Inc (ENV)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Envestnet Inc (ENV)

    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 […]

  • Envestnet | Tamarac to Support Merrill Private Wealth Management Advisors With Tamarac Reporting®
    PR Newswire

    Envestnet | Tamarac to Support Merrill Private Wealth Management Advisors With Tamarac Reporting®

    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 ...

  • What does Envestnet, Inc.'s (NYSE:ENV) Balance Sheet Tell Us About Its Future?
    Simply Wall St.

    What does Envestnet, Inc.'s (NYSE:ENV) Balance Sheet Tell Us About Its Future?

    Stocks with market capitalization between $2B and $10B, such as Envestnet, Inc. (NYSE:ENV) with a size of US$3.6b, do...

  • Are Envestnet, Inc.'s (NYSE:ENV) Interest Costs Too High?
    Simply Wall St.

    Are Envestnet, Inc.'s (NYSE:ENV) Interest Costs Too High?

    Stocks with market capitalization between $2B and $10B, such as Envestnet, Inc. (NYSE:ENV) with a size of US$3.6b, do...

  • Envestnet | Tamarac Announces Fully Digital Client Account-Opening With TD Ameritrade Institutional and Schwab Advisor Services
    PR Newswire

    Envestnet | Tamarac Announces Fully Digital Client Account-Opening With TD Ameritrade Institutional and Schwab Advisor Services

    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.

  • Envestnet Completes Largest Platform Technology Release
    PR Newswire

    Envestnet Completes Largest Platform Technology Release

    CHICAGO, June 6, 2019 /PRNewswire/ -- Envestnet's spring technology release included new platform technology integrations and improvements, marking another milestone in the company's journey toward developing a single, integrated platform that helps enterprises and advisors deliver comprehensive services that promote financial wellness to their clients. Since Envestnet announced the last cycle of platform updates, the company has focused on key strategic platform priorities, including the Envestnet Insurance Exchange, Client Portal performance reporting and usability, and Single Portfolio Trading for PM Tools for Advisors. Its business model has also significantly evolved with new solution offerings, strategically formed partnerships, including one with BlackRock, advanced data aggregation/reporting capabilities and the recent addition of Envestnet | MoneyGuide.