Shares of the company are trading at $53.10 which is marginally over the 50 day moving average of $50.19 and which is quite a bit higher than the 200 day moving average of $41.18. The 50 day moving average went up by +5.81% whereas the 200 day average was up by +28.96%. 2,402 shares changed hands by the end of trading on Tuesday. Overall, volume was down 99.42% under the stocks normal daily volume.
Traders are more bullish recently as inferred by the downtick in short interest. The firm realized a fall in short interest of -4.15% between September 15, 2017 and September 29, 2017. Short interest fell from 1,916,214 to 1,836,622 over that timeframe. Days to cover decreased from 6.0 to 5.0 and the percentage of shorted shares was 0.04% on September 29.
There has been some selling insider activity on Envestnet, Inc (NYSE:ENV) recently. Director Gayle A. Crowell let go of 746 shares at an average price of $51.20 on October 2nd. That brings the Director’s holdings to $270,131 per an SEC filing yesterday. Scott D. Grinis, CTO disclosed the sale of 9,308 shares. The shares were purchased at an average price of $50.04. Grinis now owns $10,493,788 of the stock according to the SEC filing.
These funds have shifted positions in (ENV). As of quarter end Janus Capital Management LLC had disposed of 7,441 shares trimming its stake by 0.2%. The value of the investment in Envestnet, Inc decreased from $122,143,000 to $111,681,000 a change of $10,462,000 quarter over quarter. Cutler Group LP cut its stake by selling 1,751 shares a decrease of 89.7% as of 09/30/2017. Cutler Group LP currently owns 200 shares with a value of $0. The total value of its holdings decreased 100.0%.
As of the end of the quarter Financial Consulate, Inc had bought a total of 2,774 shares growing its position 4.6%. The value of the investment in (ENV) went from $2,367,000 to $3,190,000 increasing 34.8% quarter to quarter. Bank Of Montreal /can/ added to its investment by buying 48 shares an increase of 92.3%. Bank Of Montreal /can/ owns 100 shares worth $5,000. The value of the position overall is up by 150.0%.
On July 6, 2017 DA Davidson initiated coverage setting a rating of “Neutral”. On August 9 Raymond James left the company rating at “Buy” and moved down the price target from $54.00 to $48.00.
As of the latest earnings report the EPS was $-1.31 and is estimated to be $1.29 for the current year with 44,020,000 shares outstanding. Next quarter’s EPS is forecasted at $0.40 and the next full year EPS is anticipated to be $1.66.
Envestnet, Inc., launched on February 11, 2004, is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Business’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions. Its Envestnet Yodlee segment is a data aggregation and data analytics platform. The Business’s services and related technology are provided through Envestnet’s wealth management software, Envestnet PMC, Envestnet Tamarac, Vantage Reporting Solution, Envestnet WMS, Envestnet Placemark, Envestnet Retirement Solutions, Envestnet Yodlee and Envestnet Finance Logix. The Company operates Registered Investment Advisors (RIAs) and a registered broker-dealer..