In a report released yesterday, Kenneth Hill from Rosenblatt Securities maintained a Buy rating on Envestnet (ENV), with a price target of $86.00. The company’s shares closed last Monday at $86.43, close to its 52-week high of $87.75.
According to TipRanks.com, Hill is a 4-star analyst with an average return of 8.8% and a 62.8% success rate. Hill covers the Financial sector, focusing on stocks such as Intercontinental Exchange, SEI Investments Company, and Marketaxess Holdings.
Envestnet has an analyst consensus of Moderate Buy, with a price target consensus of $82.43, which is a -4.4% downside from current levels. In a report issued on February 9, Jefferies also maintained a Buy rating on the stock with a $97.00 price target.
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The company has a one-year high of $87.75 and a one-year low of $51.00. Currently, Envestnet has an average volume of 364K.
Based on the recent corporate insider activity of 183 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ENV in relation to earlier this year. Most recently, in December 2019, Scott Grinis, the CTO of ENV sold 18,195 shares for a total of $1,297,929.
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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.
