Envestnet Inc. (NYSE: ENV) closed the day trading at $51.07 down -0.89% from the previous closing price of $51.53. In other words, the price has decreased by -$0.46 from its previous closing price. On the day, 535019 shares were traded. ENV stock price reached its highest trading level at $51.69 during the session, while it also had its lowest trading level at $50.13.
Ratios:
For a better understanding of ENV, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 30.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.59. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 0.90. In the meantime, Its Debt-to-Equity ratio is 1.74 whereas as Long-Term Debt/Eq ratio is at 1.72.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Raymond James on January 06, 2023, Downgraded its rating to Outperform and sets its target price to $71 from $63 previously.
DA Davidson Upgraded its Neutral to Buy on February 25, 2022, while the target price for the stock was maintained at $86.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 29 when Cooper Barry D. sold 690 shares for $58.19 per share. The transaction valued at 40,151 led to the insider holds 29,175 shares of the business.
Turner Barbara bought 2,000 shares of ENV for $108,780 on Jun 21. The Director now owns 3,534 shares after completing the transaction at $54.39 per share. On Jun 12, another insider, Crager William, who serves as the Chief Executive Officer of the company, sold 7,250 shares for $53.68 each. As a result, the insider received 389,180 and left with 325,356 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ENV now has a Market Capitalization of 2.79B and an Enterprise Value of 3.69B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.25 while its Price-to-Book (P/B) ratio in mrq is 4.92. Its current Enterprise Value per Revenue stands at 2.96 whereas that against EBITDA is 31.37.
Stock Price History:
Over the past 52 weeks, ENV has reached a high of $66.50, while it has fallen to a 52-week low of $33.12. The 50-Day Moving Average of the stock is 50.72, while the 200-Day Moving Average is calculated to be 49.63.
Shares Statistics:
Over the past 3-months, ENV traded about 509.88K shares per day on average, while over the past 10 days, ENV traded about 530.9k shares per day. A total of 54.77M shares are outstanding, with a floating share count of 54.05M. Insiders hold about 1.35% of the company’s shares, while institutions hold 107.76% stake in the company. Shares short for ENV as of Feb 15, 2024 were 4.82M with a Short Ratio of 9.46, compared to 5.11M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.82% and a Short% of Float of 13.23%.
Earnings Estimates
Current recommendations for the stock of the company come from 6 analysts. On average, analysts expect EPS of $0.55 for the current quarter, with a high estimate of $0.56 and a low estimate of $0.54, while EPS last year was $0.46. The consensus estimate for the next quarter is $0.61, with high estimates of $0.7 and low estimates of $0.56.
Analysts are recommending an EPS of between $2.71 and $2.4 for the fiscal current year, implying an average EPS of $2.57. EPS for the following year is $3.03, with 7 analysts recommending between $3.33 and $2.55.
Revenue Estimates
6 analysts predict $324.6M in revenue for the current quarter. It ranges from a high estimate of $326.58M to a low estimate of $323M. As of the current estimate, Envestnet Inc.’s year-ago sales were $298.71M, an estimated increase of 8.70% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $337.42M, an increase of 8.00% less than the figure of $8.70% in the same quarter last year. There is a high estimate of $343.48M for the next quarter, whereas the lowest estimate is $332.5M.
A total of 7 analysts have provided revenue estimates for ENV’s current fiscal year. The highest revenue estimate was $1.45B, while the lowest revenue estimate was $1.33B, resulting in an average revenue estimate of $1.37B. In the same quarter a year ago, actual revenue was $1.25B, up 9.90% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $1.5B in the next fiscal year. The high estimate is $1.62B and the low estimate is $1.41B. The average revenue growth estimate for next year is up 9.50% from the average revenue estimate for this year.
