Envestnet Inc (NASDAQ: ENV) Market Updates – Analysis and Comparisons

Envestnet, Inc. (ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective and fully-aligned standard of care, and empower advisors to deliver better outcomes. For more information on Envestnet, please visit www.envestnet.com. (PRNewsFoto/Envestnet, Inc.) (PRNewsFoto/)

Envestnet Inc day trading at USD 75.55 per share, then rallying to 75.71 and closing at USD 74.2 per share. A net loss of -1.78% for the day. Long term pricing analysis shows the stock trading at 13.72% lower than it’s 52week high and -60.46% higher than the 52week low. The share volume traded for the day was 464K which was 1 times the 50 Day Average Volume.

Envestnet Inc had a market cap of 3,970,710K as of 23rd June 2020. The Earnings Per Share (EPS) for Q4 2019 is $-0.11.

Envestnet Inc provides unified wealth management technology and products to financial advisors and institutions. Their flagship product is an advisory platform that integrates the services and software used by financial advisors in wealth management.

Financial Results

Envestnet Inc Reports First Quarter Of Fiscal 2020.

  • Asset-based recurring revenues increased 24% from the first quarter of 2019 and represented 55% of total revenues for the first quarters of both 2020 and 2019.
  • Total operating expenses for the first quarter of 2020 increased by 22% to $254.2 million from $208.4 million in the prior-year period.
  • Cost of revenues increased 22% to $74.9 million for the first quarter of 2020 from $61.6 million for the prior-year period.
  • Loss from operations was $7.6 million for the first quarter of 2020 compared to a loss of $8.7 million for the first quarter of 2019.
  • Net loss was $7.2 million for the first quarter of 2020 compared to a net loss of $18.3 million for the first quarter of 2019.
  • Net loss per diluted share attributable to Envestnet, Inc. was $0.14 for the first quarter of 2020 compared to a net loss per diluted share attributable to Envestnet, Inc. of $0.38 for the first quarter of 2019.
  • Adjusted revenues for the first quarter of 2020 increased by 24% to $247.0 million from $199.7 million for the prior-year period.

Envestnet Inc (23rd June 2020): The Institutional Ownership as of today stood at 95.20% and the Total Value of Holdings (millions) is $ 3,780

New Institutional Holders and other activity – As of today, the total number of shares held is, 50,945,380 by 282 institutional holders.

LATEST NEWS:

19-June-2020:- Quantitative Investment Management LLC Makes New Investment in Envestnet Inc (NYSE: ENV)

Quantitative Investment Management LLC bought a new position in Envestnet Inc (NYSE: ENV) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,978 shares of the business services provider’s stock, valued at approximately $751,000.

19-June-2020:- Asset Management One Co. Ltd. Makes New Investment in Envestnet Inc (NYSE: ENV)

Asset Management One Co. Ltd. acquired a new position in Envestnet Inc (NYSE: ENV) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 622 shares of the business services provider’s stock, valued at approximately $33,000.

18-June-2020:- Maverick Capital Ltd. Grows Position in Envestnet Inc (NYSE: ENV)

Maverick Capital Ltd. boosted its stake in shares of Envestnet Inc (NYSE: ENV) by 26.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,006 shares of the business services provider’s stock after purchasing an additional 7,004 shares during the period.

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