Resilient Performance | Envestnet's Q1 2024 results showcase financial resilience, with EPS surpassing estimates and effective expense management driving profitability |
Strategic Partnerships | Delve into Envestnet's collaboration with FNZ, set to scale in 2024-2025, potentially opening new revenue streams and enhancing service offerings |
Market Dominance | Explore Envestnet's impressive $32.7 billion net flows in Q1 2024, the strongest since 2015, indicating robust competitive position and client attraction |
Analyst Perspectives | Analysts offer mixed views, with price targets ranging from $64 to $79, reflecting cautious optimism amidst potential challenges and growth opportunities |
Envestnet, Inc., through its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through two segments: Envestnet Wealth Solutions and Envestnet Data & Analytics. The Envestnet Wealth Solutions segment offers Envestnet | Enterprise, an end-to-end open architecture wealth management platform, as well as offers data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Wealth Analytics that transforms data into actionable intelligence; Envestnet | Tamarac which provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry. This segment also provides Envestnet | Workplace Solutions which offers a suite of services for advisor-sold retirement plans; Envestnet | PMC that offer research and consulting services to assist advisors in creating investment solutions, and portfolio overlay and tax optimization services; and Envestnet | Billing Solutions which provides revenue management and hosted fee-billing solutions. The Envestnet Data & Analytics segment provides Envestnet Data & Analytics, a data aggregation, analytics, and digital experiences platform that provides clients and their account holders with data connectivity via open APIs, data enrichment, AI-based analytics, and digital experiences. It serves retail banks, credit unions, credit card providers, wealth management financial advisors and institutions, financial technology innovators, financial advisory firms, research and analyst firms, personal financial management, small business accounting, e-commerce, payment solutions providers, small business lending, and authentication customers. The company was founded in 1999 and is headquartered in Berwyn, Pennsylvania.
Metrics to compare | ENV | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipENVPeersSector | |
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P/E Ratio | −13.7x | 12.8x | 11.1x | |
PEG Ratio | 0.12 | 0.04 | 0.01 | |
Price/Book | 6.7x | 3.9x | 2.4x | |
Price / LTM Sales | 2.7x | 2.5x | 2.1x | |
Upside (Analyst Target) | 0.5% | 5.3% | 24.1% | |
Fair Value Upside | Unlock | 11.9% | 5.4% | Unlock |