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As of close of business last night, Envestnet Inc.’s stock clocked out at $62.66, up 0.26% from its previous closing price of $62.50. In other words, the price has increased by $0.26 from its previous closing price. On the day, 1.26 million shares were traded. ENV stock price reached its highest trading level at $62.68 during the session, while it also had its lowest trading level at $62.46.
Ratios:
To gain a deeper understanding of ENV’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 28.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.37. For the most recent quarter (mrq), Quick Ratio is recorded 1.14 and its Current Ratio is at 1.14. In the meantime, Its Debt-to-Equity ratio is 1.91 whereas as Long-Term Debt/Eq ratio is at 1.89.
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, DA Davidson on July 18, 2024, Downgraded its rating to Neutral and sets its target price to $63 from $78 previously.
On May 08, 2024, Jefferies Upgraded its rating to Hold which previously was Underperform and also upped its target price recommendation from $47 to $59.
Raymond James Downgraded its Strong Buy to Outperform on January 06, 2023, whereas the target price for the stock was revised from $63 to $71.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 25 ’24 when Majoros Matthew sold 700 shares for $56.92 per share. The transaction valued at 39,844 led to the insider holds 15,212 shares of the business.
Wolfe Lauren Taylor bought 1,670 shares of ENV for $88,493 on Mar 15 ’24. The Director now owns 4,188,871 shares after completing the transaction at $52.99 per share. On Mar 07 ’24, another insider, Wolfe Lauren Taylor, who serves as the Director of the company, bought 21,761 shares for $52.62 each. As a result, the insider paid 1,145,064 and bolstered with 4,183,729 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 3461632768 and an Enterprise Value of 4325660672. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.65 while its Price-to-Book (P/B) ratio in mrq is 6.70. Its current Enterprise Value per Revenue stands at 3.308 whereas that against EBITDA is 30.215.
Stock Price History:
Over the past 52 weeks, ENV has reached a high of $73.04, while it has fallen to a 52-week low of $33.12. The 50-Day Moving Average of the stock is 0.57%, while the 200-Day Moving Average is calculated to be 8.48%.
Shares Statistics:
It appears that ENV traded 1.04M shares on average per day over the past three months and 519930 shares per day over the past ten days. A total of 54.77M shares are outstanding, with a floating share count of 54.55M. Insiders hold about 1.25% of the company’s shares, while institutions hold 106.17% stake in the company. Shares short for ENV as of 1724976000 were 2933681 with a Short Ratio of 2.82, compared to 1722384000 on 2659978. Therefore, it implies a Short% of Shares Outstanding of 2933681 and a Short% of Float of 8.0699995.
