Raymond James raised the price target for the Envestnet Inc. (NYSE:ENV) stock from “a Strong buy” to “an Outperform”. The rating was released on January 06, 2023, according to finviz. The research report from DA Davidson has upgraded the stock from Neutral to Buy, with a price target set at $86. The stock was downgraded by Jefferies, who disclosed in a research note on July 22, 2021, from Buy to Underperform and set the price objective to $63. In their research brief published January 06, 2021, Goldman analysts initiated the Envestnet Inc. stock to Neutral with a price target of $91.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Envestnet Inc. (NYSE:ENV) dipped -1.66% to close Friday’s market session at $52.84, lower as compared to yesterday’s close. The stock price fluctuated between $52.43 and $53.52 throughout the trading session with the volume trading being 763303 shares, which represented a significant variation when compared to the three months average volume of 479.12K shares. The firm’s stock price fluctuated -6.73% within the last five trades and -19.57% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 5.43% in the last 6 months and -13.15% was subtracted to its value over the previous 3 months. ENV stock is trading at a margin of -12.27%, -17.05% and -6.35% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, ENV deals in the Technology domain. The stock is trading -37.53 percent below its 52-week high and 26.65 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -28.05. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Envestnet Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -5.30 percent and the profit margin is -6.50 percent, and the company has reported a gross margin of 62.20 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $2.97 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 19.52. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.39 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.89, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
O’Brien Shelly, the Chief Legal Officer at Envestnet Inc. (ENV) has sold 5,358 shares of firm on Nov 14 at a price of $56.00 against the total amount of $0.3 million. In another inside trade, Cooper Barry D., SVP, Head of Accounting Mgmt. of Envestnet Inc. (NYSE:ENV) sold 1,290 shares of the firm on Aug 22 for a total worth of $72792.0 at a price of $56.43. An inside trade which took place on Jun 29, Chief Executive Officer of Envestnet Inc. Crager William bought 920 shares of firm against total price of $49487.0 at the cost of $53.79 per share.