In a report released today, Peter Heckmann from D.A. Davidson maintained a Buy rating on Envestnet (ENV – Research Report). The company’s shares opened today at $37.96.
According to TipRanks, Heckmann is an analyst with an average return of -4.3% and a 38.50% success rate. Heckmann covers the Financial sector, focusing on stocks such as Clearwater Analytics Holdings, Envestnet, and Jack Henry & Associates.
Currently, the analyst consensus on Envestnet is a Moderate Buy with an average price target of $58.50.
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Based on Envestnet’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $300.72 million and a GAAP net loss of $21.42 million. In comparison, last year the company earned a revenue of $318.85 million and had a GAAP net loss of $23.29 million
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Envestnet (ENV) Company Description:
Envestnet, Inc. engages in the provision of intelligent systems for wealth management and financial wellness. It operates through the Envestnet and Envestnet/Yodlee business segments. The Envestnet segment provides wealth management software and services to empower financial advisors and institutions. The Envestnet/ Yodlee segment offers a data aggregation and data intelligence platform for digital financial services. The company was founded by Judson Taft Bergman, James Winfield Lumberg and Brandon Rockwell Thomas in 1999 and is headquartered in Chicago, IL.
Read More on ENV:
- Envestnet to replace Hostess Brands in the S&P 600 at open on 11/7
- Burlington Stores to replace Envestnet in the S&P 400 at open on 11/7
- Envestnet (ENV) Q3 Earnings Cheat Sheet
- Envestnet price target lowered to $78 from $80 at JMP Securities
- Envestnet price target lowered to $66 from $72 at DA Davidson
