Analysts Heavily Positive On Envestnet Stock
January 6, 2024
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Analysts have heavily endorsed Envestnet ($NYSE:ENV) stock recently. Envestnet is a leading provider of integrated portfolio, practice management and reporting solutions to financial advisors and institutions. It provides technology-enabled investment and practice management solutions to help advisors better obtain, organize, and analyze their clients’ financial data. The company also offers financial technology products and services that enable a more personalized, holistic, and cost-effective approach to wealth management.
Analysts have been extremely positive regarding the company’s financials, outlook, and potential. According to the ratings released, the analyst consensus rating for Envestnet stock is an impressive “Buy”. Not only does this indicate that investors are expecting Envestnet to continue to perform strongly, but it also suggests that the company’s technology-enabled platform is increasingly becoming important in the wealth management industry.
Price History
Analysts are heavily positive on Envestnet stock, which opened at $48.4 on Thursday and closed at $48.5, up by 0.2% from the previous closing price of $48.4. They are predicting that the company will continue to grow and that its stock price will continue to rise in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Envestnet. More…
| Total Revenues | Net Income | Net Margin |
| 1.22k | -92.06 | -7.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Envestnet. More…
| Operations | Investing | Financing |
| 110.08 | -149.54 | -159.52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Envestnet. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.03k | 1.28k | 13.61 |
Key Ratios Snapshot
Some of the financial key ratios for Envestnet are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.8% | 42.0% | -4.3% |
| FCF Margin | ROE | ROA |
| -1.3% | -4.5% | -1.6% |
Analysis
GoodWhale’s analysis of ENVESTNET‘s financials reveals a company with an intermediate health score of 6/10, considering its cashflows and debt. By using the GoodWhale Star Chart, we can further break down ENVESTNET’s performance – it is strong in, medium in growth, profitability and weak in asset, dividend. This reveals that ENVESTNET is classified as a ‘sloth’, a type of company which has achieved revenue or earnings growth slower than the overall economy. Given this information, what type of investors may be interested in such a company? ENVESTNET can be a great fit for investors who are looking for conservative and low-risk investments; despite the slowdown in economic growth, ENVESTNET may be able to sustain future operations in times of crisis. This type of investor may also be looking for a steady flow of dividends, albeit lower than what other companies can offer. Finally, ENVESTNET can also appeal to investors who are looking for long-term investments with a slower rate of return. More…
Peers
The competition between Envestnet Inc and its competitors is fierce. Each company is vying for market share and customer loyalty. Envestnet Inc has a strong product offering and a loyal customer base.
However, its competitors are not to be underestimated. Liquid Holdings Group Inc, Clearwater Analytics Holdings Inc, and Centergistic Solutions Inc are all viable competitors in the market.
– Liquid Holdings Group Inc ($OTCPK:LIQDQ)
Liquid Holdings Group Inc is a financial technology company that provides an integrated suite of cloud-based solutions for the global hedge fund and active trading markets. The company’s solutions include order and execution management, portfolio and risk management, and compliance and reporting. Liquid Holdings Group Inc is headquartered in New York, New York.
– Clearwater Analytics Holdings Inc ($NYSE:CWAN)
Clearwater Analytics Holdings Inc is a provider of cloud-based software solutions for the global insurance industry. The company’s software solutions are used by insurance companies and other financial institutions to manage their investment portfolios, including risk management and compliance. Clearwater’s software solutions are delivered through a software-as-a-service (SaaS) model and are available on a subscription basis.
Summary
Envestnet is an investment analysis and portfolio management provider that helps wealth management firms and financial advisors connect with investors. It provides products and services to help advisors build and manage portfolios, access analytics, and leverage data to support their recommendations. Envestnet offers a range of tools including financial planning, portfolio optimization, account aggregation, compliance management, risk analysis, client segmentation, CRM, and tax optimization.
Additionally, the company provides ratings and research from leading industry analysts such as Morningstar, Lipper, and S&P Global. Through these tools and resources, Envestnet strives to empower advisors to provide more comprehensive services to their clients.
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