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Envestnet Inc. (ENV) receives an Outperform rating from Raymond James

Envestnet Inc.’s recent filing unveils that its Principal Accounting Officer Majoros Matthew unloaded Company’s shares for reported $39844.0 on Mar 25 ’24. In the deal valued at $56.92 per share,700 shares were sold. As a result of this transaction, Majoros Matthew now holds 15,212 shares worth roughly $0.94 million.

Then, Wolfe Lauren Taylor bought 1,670 shares, generating $88,493 in total proceeds. Upon buying the shares at $52.99, the Director now owns 4,188,871 shares.

Before that, Wolfe Lauren Taylor bought 21,761 shares. Envestnet Inc. shares valued at $1,145,064 were divested by the Director at a price of $52.62 per share. As a result of the transaction, Wolfe Lauren Taylor now holds 4,183,729 shares, worth roughly $259.68 million.

Raymond James downgraded its Envestnet Inc. [ENV] rating to an Outperform from a a Strong buy in a research note published on January 06, 2023; the price target was increased to $71 from $63. DA Davidson also remained covering ENV and has increased its forecast on February 25, 2022 with a “Buy” recommendation from previously “Neutral” rating. Jefferies revised its rating on July 22, 2021. It rated ENV as “an Underperform” which previously was an “a Buy”.

Price Performance Review of ENV

On Tuesday, Envestnet Inc. [NYSE:ENV] saw its stock fall -1.15% to $62.07. Over the last five days, the stock has lost -0.80%. Envestnet Inc. shares have risen nearly 25.34% since the year began. Nevertheless, the stocks have fallen -2.07% over the past one year. While a 52-week high of $68.83 was reached on 04/16/24, a 52-week low of $33.12 was recorded on 01/08/24. SMA at 50 days reached $56.40, while 200 days put it at $50.03. A total of 0.34 million shares were traded, compared to the trading of 0.3 million shares in the previous session.

Levels Of Support And Resistance For ENV Stock

The 24-hour chart illustrates a support level at 61.58, which if violated will result in even more drops to 61.10. On the upside, there is a resistance level at 62.58. A further resistance level may holdings at 63.10. The Relative Strength Index (RSI) on the 14-day chart is 60.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 49.45%. Stochastics %K at 52.50% indicates the stock is a holding.

The most recent change occurred on January 06, 2021 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $91 price target.

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