Envestnet, Inc. (NYSE:ENV – Get Rating) reached a new 52-week low on Thursday . The company traded as low as $47.94 and last traded at $47.99, with a volume of 808 shares changing hands. The stock had previously closed at $48.99.

Analyst Upgrades and Downgrades

ENV has been the topic of several recent analyst reports. William Blair reissued an "outperform" rating on shares of Envestnet in a report on Monday, July 25th. DA Davidson dropped their target price on shares of Envestnet from $86.00 to $70.00 and set a "buy" rating for the company in a research report on Friday, July 1st. StockNews.com upgraded shares of Envestnet from a "sell" rating to a "hold" rating in a research report on Tuesday, September 13th. TheStreet lowered shares of Envestnet from a "c-" rating to a "d+" rating in a report on Friday, June 17th. Finally, JMP Securities decreased their price target on shares of Envestnet from $97.00 to $80.00 and set a "market outperform" rating for the company in a report on Tuesday, July 12th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Envestnet has a consensus rating of "Moderate Buy" and an average price target of $72.33.

Envestnet Stock Performance

The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of -89.07 and a beta of 1.19. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.54. The stock's 50 day moving average is $54.53 and its two-hundred day moving average is $63.35.

Insider Buying and Selling

In related news, CEO William Crager bought 920 shares of Envestnet stock in a transaction that occurred on Wednesday, June 29th. The stock was purchased at an average cost of $53.79 per share, with a total value of $49,486.80. Following the purchase, the chief executive officer now owns 306,241 shares in the company, valued at $16,472,703.39. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Envestnet news, CEO William Crager acquired 920 shares of Envestnet stock in a transaction dated Wednesday, June 29th. The stock was bought at an average cost of $53.79 per share, for a total transaction of $49,486.80. Following the purchase, the chief executive officer now directly owns 306,241 shares in the company, valued at approximately $16,472,703.39. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Barry D. Cooper sold 1,290 shares of the stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $56.43, for a total transaction of $72,794.70. Following the transaction, the senior vice president now owns 25,997 shares of the company's stock, valued at $1,467,010.71. The disclosure for this sale can be found here. Company insiders own 1.44% of the company's stock.

Hedge Funds Weigh In On Envestnet

A number of large investors have recently modified their holdings of ENV. CWM LLC raised its holdings in shares of Envestnet by 156.8% in the 2nd quarter. CWM LLC now owns 796 shares of the business services provider's stock valued at $42,000 after purchasing an additional 486 shares during the period. Hartford Financial Management Inc. raised its holdings in shares of Envestnet by 34.0% in the 2nd quarter. Hartford Financial Management Inc. now owns 1,206 shares of the business services provider's stock valued at $64,000 after purchasing an additional 306 shares during the period. Covestor Ltd raised its holdings in shares of Envestnet by 86.2% in the 1st quarter. Covestor Ltd now owns 1,398 shares of the business services provider's stock valued at $104,000 after purchasing an additional 647 shares during the period. Inspire Investing LLC raised its holdings in shares of Envestnet by 29.7% in the 2nd quarter. Inspire Investing LLC now owns 4,040 shares of the business services provider's stock valued at $213,000 after purchasing an additional 926 shares during the period. Finally, Keybank National Association OH raised its holdings in shares of Envestnet by 10.7% in the 1st quarter. Keybank National Association OH now owns 3,199 shares of the business services provider's stock valued at $239,000 after purchasing an additional 310 shares during the period.

Envestnet Company Profile

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Envestnet, Inc, together with its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through Envestnet Wealth Solutions and Envestnet Data & Analytics segments. The company's product and services include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as offers data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that 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.

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