What is the best trade option for Envestnet Inc. (ENV) stock?

Envestnet Inc. [ENV] stock is trading at $62.87, up 0.06%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ENV shares have gain 0.03% over the last week, with a monthly amount glided 1.52%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Envestnet Inc. [NYSE: ENV] stock has seen the most recent analyst activity on July 18, 2024, when DA Davidson downgraded its rating to a Neutral and also revised its price target to $63 from $78. Previously, Jefferies upgraded its rating to Hold on May 08, 2024, and elevated its price target to $59. On January 06, 2023, downgrade downgraded it’s rating to Outperform and revised its price target to $71 on the stock. DA Davidson upgraded its rating to a Buy but $86 remained the price target by the analyst firm on February 25, 2022. Jefferies downgraded its rating to Underperform for this stock on July 22, 2021, and downed its price target to $63. In a note dated January 06, 2021, Goldman initiated an Neutral rating and provided a target price of $91 on this stock.

Envestnet Inc. [ENV] stock has fluctuated between $33.12 and $73.04 over the past year. Currently, Wall Street analysts expect the stock to reach $68.52 within the next 12 months. Envestnet Inc. [NYSE: ENV] shares were valued at $62.87 at the most recent close of the market. An investor can expect a potential return of 8.99% based on the average ENV price forecast.

Analyzing the ENV fundamentals

Envestnet Inc. [NYSE:ENV] reported sales of 1.31B for the trailing twelve months, which represents a growth of 11.47%. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.21%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.42 and Total Capital is -0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.73.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 62.59 points at the first support level, and at 62.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.02, and for the 2nd resistance point, it is at 63.17.

Ratios To Look Out For

For context, Envestnet Inc.’s Current Ratio is 1.14. Further, the Quick Ratio stands at 1.14, while the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 2.66, the price to book ratio is 6.72.

Transactions by insiders

Recent insider trading involved Majoros Matthew, Principal Accounting Officer, that happened on Mar 25 ’24 when 700.0 shares were sold. Director, Wolfe Lauren Taylor completed a deal on Mar 15 ’24 to buy 1670.0 shares. Meanwhile, Director Wolfe Lauren Taylor bought 21761.0 shares on Mar 07 ’24.

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