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Envestnet inc   (ENV)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 
Price: $56.1800 $-0.97 -1.697%
Day's High: $58.1 Week Perf: -0.48 %
Day's Low: $ 55.81 30 Day Perf: 9.73 %
Volume (M): 454 52 Wk High: $ 66.50
Volume (M$): $ 25,478 52 Wk Avg: $51.48
Open: $57.37 52 Wk Low: $33.12



 Market Capitalization (Millions $) 3,062
 Shares Outstanding (Millions) 55
 Employees 4,900
 Revenues (TTM) (Millions $) 1,246
 Net Income (TTM) (Millions $) -246
 Cash Flow (TTM) (Millions $) -71
 Capital Exp. (TTM) (Millions $) 130

Envestnet Inc
Envestnet Inc. is an American financial technology company that provides integrated wealth management solutions to financial advisors, institutions, and their clients. The company is headquartered in Chicago, Illinois, and has additional offices located in New York, San Francisco, Denver, and Trivandrum, India.

Envestnet was founded in 1999 by Judson Bergman and James Lumberg, both of whom remain active in the company to this day. The company first began offering a web-based platform that allowed financial advisors to manage their clients' investments more efficiently. Over time, Envestnet expanded its offerings to include a broader range of wealth management solutions, such as portfolio management, financial planning, and practice management tools.

Today, Envestnet serves over 100,000 advisors across approximately 4,900 companies, with more than $4.7 trillion in assets on its platform. The company's clients range from small financial advisory firms to large institutions, including banks, broker-dealers, and insurance companies. Envestnet's solutions are designed to help advisors streamline their workflow, improve client outcomes, and meet their compliance obligations.

Envestnet operates through three segments: Envestnet Wealth Solutions, Envestnet Tamarac, and Envestnet Retirement Solutions. Envestnet Wealth Solutions provides wealth management technology for financial advisors and institutions, including portfolio management, financial planning, risk assessment, and other investment-related tools. Envestnet Tamarac offers portfolio management and reporting software for independent registered investment advisors (RIAs), including performance reporting, billing, and CRM. Envestnet Retirement Solutions provides technology solutions to retirement plan providers and sponsors, enabling them to manage and administer retirement plans more efficiently.

Overall, Envestnet has become one of the leading players in the wealth management technology space, with a reputation for innovation and customer service. The company continues to expand its offerings and client base, positioning itself as a key player in the evolving financial services industry.


   Company Address: 1000 Chesterbrook Boulevard Berwyn 19312 PA
   Company Phone Number: 827-2800   Stock Exchange / Ticker: NYSE ENV
   


   

Stock Performances by Major Competitors

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Envestnet Inc

2. Uncovering the Financial Turmoil: A Closer Look at Envestnet Inc's Troubling Quarter in 2023

Envestnet Inc. is a leading provider of intelligent systems for wealth management and financial wellness. The company recently reported its financial results for the quarter and year ended December 31, 2023. During this period, Envestnet experienced both positive and negative changes in various key financial metrics.
One significant change was the increase in shortfall per share. For the October to December 31, 2023 timeframe, Envestnet's shortfall per share amounted to $-3.35, compared to $-0.59 in the previous year. This indicates a significant decline in profitability. Additionally, earnings per share fell from $0.13 to $-3.35, which further shows a negative impact on the company's financial performance.

Product Service News

Envestnet Inc. Amplifies Technological Edge at D.A. Davidson Technology Summit, Reports Revenue Growth amidst Fierce Competition

Published Mon, Nov 13 2023 1:00 PM UTC

Envestnet Inc. to Participate in D.A. Davidson Technology Summit
Envestnet Inc., a leading provider of intelligent systems for wealth management and financial wellness, has announced its participation in the upcoming D.A. Davidson Technology Summit. The fireside chat will take place on November 16, 2023, in New York, NY, beginning at 8:45 AM ET. Investors and interested ...

Envestnet Inc

Envestnet Inc Soars with a Whopping $8.82 Million Income Tax Refund Boosting Earnings!

Financial News Report:
Envestnet Inc Reports Positive Turnaround in Q3 2023
Berwyn, PA - Envestnet (NYSE: ENV), a leading provider of intelligent systems for wealth management and financial wellness, has reported its financial results for the three and nine months ended September 30, 2023. The company showcased a positive turnaround during this period, achieving significant milestones and improving key financial metrics.
For the July to September 30, 2023 financial time-frame, Envestnet Inc recorded earnings per share (EPS) of $0.13, a notable improvement compared to the negative EPS of $-0.13 reported a year ago. Additionally, the company's EPS turned positive from the previous quarter, rising from $-0.39 per share. This strengthening of earnings demonstrates Envestnet's successful measures in boosting profitability.

Envestnet Inc

Envestnet Inc's Financial Outlook Improves Despite Lower Revenues for Q2 2023

Envestnet Inc Reports Improved Financial Performance for Recent Fiscal Period
Envestnet Inc, a leading provider of financial and wealth management solutions, demonstrated improved financial performance in its most recent fiscal period. The company reported a decrease in its loss per share, revenue decline, and a net deficit. However, there were positive indicators such as an improvement in EPS, sequential revenue growth, and increased accounts receivable, suggesting rising demand.
Comparing the most recent fiscal period to the same period a year ago, Envestnet Inc decreased its loss per share from $-0.42 to $-0.39, indicating progress in reducing losses. Furthermore, the company showed significant improvement in EPS, with a decrease from $-0.76 in the preceding reporting season to $-0.39 in the most recent period.

Envestnet Inc

Envestnet Inc's Recent Financial Woes: Is it the Beginning of the End or a Temporary Setback?

Envestnet Inc.'s recent financial performance has been a cause of concern for investors due to lower demand, which led to fading revenues and larger shortfalls. However, I strongly believe that this is just a temporary setback for the financial services provider and that Envestnet is well-positioned to bounce back stronger than ever.
Despite the drop in revenue by -7.05% year on year, Envestnet recorded a significant improvement in its bottom line, realizing a shortfall per share of $-0.76 compared to $-0.59 in the preceding financial reporting period. This improvement represents a resilience to challenges as the company weathered market headwinds.






 

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Envestnet Inc does not provide revenue guidance.

Earnings Outlook
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