The stock of Envestnet Inc. (NYSE: ENV) has increased by 0.19 when compared to last closing price of 62.50. Despite this, the company has experienced a -0.16% fall in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-16 that SAN DIEGO, Sept. 16, 2024 (GLOBE NEWSWIRE) — Johnson Fistel, LLP, a leading stockholder rights law firm, announced today that it has initiated an investigation into the board members of Envestnet, Inc. (NYSE: ENV) concerning potential breaches of fiduciary duties related to the proposed sale of the Company to private equity firm Bain Capital.
Is It Worth Investing in Envestnet Inc. (NYSE: ENV) Right Now?
Company’s 36-month beta value is 1.26.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 4 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for ENV is 54.55M, and currently, short sellers hold a 5.38% ratio of that floaft. The average trading volume of ENV on September 19, 2024 was 1.04M shares.
ENV’s Market Performance
The stock of Envestnet Inc. (ENV) has seen a -0.16% decrease in the past week, with a -0.29% drop in the past month, and a 0.59% gain in the past quarter. The volatility ratio for the week is 0.28%, and the volatility levels for the past 30 days are at 0.32% for ENV. The simple moving average for the last 20 days is -0.21% for ENV stock, with a simple moving average of 8.41% for the last 200 days.
Analysts’ Opinion of ENV
Many brokerage firms have already submitted their reports for ENV stocks, with DA Davidson repeating the rating for ENV by listing it as a “Neutral.” The predicted price for ENV in the upcoming period, according to DA Davidson is $63 based on the research report published on July 18, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see ENV reach a price target of $59, previously predicting the price at $47. The rating they have provided for ENV stocks is “Hold” according to the report published on May 08th, 2024.
Raymond James gave a rating of “Outperform” to ENV, setting the target price at $71 in the report published on January 06th of the previous year.
ENV Trading at 0.51% from the 50-Day Moving Average
After a stumble in the market that brought ENV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.27% of loss for the given period.
Volatility was left at 0.32%, however, over the last 30 days, the volatility rate increased by 0.28%, as shares sank -0.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.46% upper at present.
During the last 5 trading sessions, ENV fell by -0.19%, which changed the moving average for the period of 200-days by +58.60% in comparison to the 20-day moving average, which settled at $62.74. In addition, Envestnet Inc. saw 26.45% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ENV starting from Majoros Matthew, who sale 700 shares at the price of $56.92 back on Mar 25 ’24. After this action, Majoros Matthew now owns 15,212 shares of Envestnet Inc., valued at $39,844 using the latest closing price.
Wolfe Lauren Taylor, the Director of Envestnet Inc., purchase 1,670 shares at $52.99 during a trade that took place back on Mar 15 ’24, which means that Wolfe Lauren Taylor is holding 4,188,871 shares at $88,493 based on the most recent closing price.
Stock Fundamentals for ENV
Current profitability levels for the company are sitting at:
- -0.12 for the present operating margin
- 0.59 for the gross margin
The net margin for Envestnet Inc. stands at -0.19. The total capital return value is set at -0.1. Equity return is now at value -40.81, with -13.13 for asset returns.
Based on Envestnet Inc. (ENV), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 1.73. The interest coverage ratio of the stock is 0.11.
Currently, EBITDA for the company is 113.01 million with net debt to EBITDA at -39.44. When we switch over and look at the enterprise to sales, we see a ratio of 3.31. The receivables turnover for the company is 9.81for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.
Conclusion
In a nutshell, Envestnet Inc. (ENV) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
