Envestnet, Inc with ticker code (ENV) now have 10 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 101 and 67 calculating the average target price we see 90.4. With the stocks previous close at 66.01 this now indicates there is a potential upside of 36.9%. The 50 day moving average now sits at 75.12 and the 200 moving average now moves to 76.88. The market capitalisation for the company is $3,880m. You can visit the company’s website by visiting: https://www.envestnet.com
The potential market cap would be $5,314m based on the market concensus.
Envestnet, together with its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through Envestnet Wealth Solutions and Envestnet Data & Analytics segments. The company’s product and services include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as offers data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry. It also provides Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research and consulting services to assist advisors in creating investment solutions for their clients, and portfolio overlay and tax optimization services, as well as data aggregation and data intelligence platform, which offers cloud-based innovation for digital financial services. The company primarily serves banks, wealth management and brokerage firms, internet services companies, and registered investment advisers. Envestnet was founded in 1999 and is headquartered in Chicago, Illinois.
