Envestnet Inc
ENV: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$91.00 | Hxdkf | Yzymwbkx |
Envestnet Earnings: Mixed Trends in Wealth, Yodlee Continues to Struggle
With the pending acquisition by private equity firm Bain Capital and Reverence Capital, Envestnet’s release of second-quarter financial results did not affect the firm’s stock price much. We will maintain our narrow moat rating and are updating our fair value estimate to $63 per share as we do not foresee any material hurdles to the deal closing.