Revenue Update on Envestnet Inc(NYSE:ENV)

Envestnet Inc(NYSE:ENV) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 23, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $155.969M. Analysts estimated a revenue of $154.560M. The revenues were 0.91% above the estimates. Earnings per share were $0.32. The reported EPS was above estimates by 6.67%. Analysts had estimated an EPS of $0.3.

Envestnet Inc (ENV) shares turned negative on Fridays trading session with the shares closing down -0.65 points or -1.99% at a volume of 13,76,961. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $33.9. The peak price level was also seen at $33.9 while the days lowest was $31.75. Finally the shares closed at $32. The 52-week high of the shares is $41.47 while the 52-week low is $24.39. According to the latest information available, the market cap of the company is $1,378 M.

Several Insider Transactions has been reported to the SEC. On Mar 22, 2017, William Crager (President) sold 2,500 shares at $34.83 per share price.Also, On Mar 3, 2017, Anil Arora (director) sold 1,100 shares at $37.50 per share price.On Mar 2, 2017, Gayle A Crowell (director) sold 746 shares at $39.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Envestnet Inc. (Envestnet) provides wealth management software and services to financial advisors and institutions. The Company works with Independent Registered Investment Advisors and advisors associated with financial institutions. The Company’s technology platform services include risk assessment and selection of investment strategies and solutions asset allocation models research and due diligence portfolio construction proposal generation and paperwork preparation model management and account rebalancing account monitoring customized fee billing overlay services covering asset allocation tax management and socially responsible investing aggregated multi-custodian performance reporting and communication tools as well as access to a wide range of leading third-party asset custodians. The product and services of the Company include: Envestnet’s wealth management software Envestnet PMC Envestnet Tamarac Vantage Reporting Solution Envestnet WMS and Envestnet Placemark.

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