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Envestnet provides wealth-management technology and solutions to registered investment advisors, banks, broker/dealers, and other firms. Its Tamarac platform provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software to high-end RIAs. Envestnet's portfolio management consultants provide research services and consulting services to assist advisors, including vetted third-party managed account products. In November 2015, Envestnet acquired Yodlee, a provider of data aggregation, which is reported in the firm's data and analytics segment. In 2019, Envestnet acquired MoneyGuidePro to bolster its financial planning tools.
Envestnet trades on the NYSE stock market under the symbol ENV.
As of April 18, 2024, ENV stock price climbed to $62.22 with 887,513 million shares trading.
ENV has a beta of 2.15, meaning it tends to be more sensitive to market movements. ENV has a correlation of 0.34 to the broad based SPY ETF.
ENV has a market cap of $3.40 billion. This is considered a Mid Cap stock.
Last quarter Envestnet reported $318 million in Revenue and $.65 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.12.
In the last 3 years, ENV stock traded as high as $85.99 and as low as $33.12.
The top ETF exchange traded funds that ENV belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.
ENV stock has underperformed the market in the last year with a return of -4.5%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ENV shares. However, ENV has outperformed the market in the last 3 month and 2 week periods, returning +26.8% and +9.0%, while SPY returned +6.1% and -3.8%, respectively. This indicates ENV has been having a stronger performance recently.
ENV support price is $60.71 and resistance is $63.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ENV stock will trade within this expected range on the day.