Envestnet to Acquire Yodlee
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Envestnet (ENV) PT Cut to $32 at UBS; Acquisition Out of Line With Investors' Expectations
August 12, 2015 8:59 AM UTCUBS analyst Alex Kramm reiterated a Neutral rating and slashed his price target on Envestnet (NYSE: ENV) to $32.00 (from $55.00) following in-line Q2 but the Yodlee acquisition was out of line with investors' expectations.
Kramm commented, "While 2Q financial results met expectations, asset growth metrics... More
Pacific Crest Downgrades Yodlee (YDLE) to Sector Weight
August 11, 2015 7:29 AM UTCPacific Crest downgraded Yodlee (NASDAQ: YDLE) from Overweight to Sector Weight and removed its price target (prior $19.00). The change follows its agreement to be acquired for $18.88 per share.
Analyst Josh Beck called the deal an indirect positive for positive for... More
Yodlee (YDLE) to Resume Trading at 4:50 PM
August 10, 2015 4:29 PM UTCYodlee (NASDAQ: YDLE) to Resume Trading at 4:50 PM
... MoreYodlee (YDLE) Tops Q2 EPS by 1c
August 10, 2015 4:26 PM UTCYodlee (NASDAQ: YDLE) reported Q2 EPS of $0.00, $0.01 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $26 million versus the consensus estimate of $25.94 million.
For earnings history and earnings-related data on Yodlee (YDLE) click here.
... MoreEnvestnet (ENV) Tops Q2 EPS by 1c; Will Acquire Yodlee (YDLE) in $660M Deal
August 10, 2015 4:24 PM UTCEnvestnet (NYSE: ENV) reported Q2 EPS of $0.24, $0.01 better than the analyst estimate of $0.23. Revenue for the quarter came in at $102.7 million versus the consensus estimate of $101.98 million.
The company and Yodlee, Inc. (Nasdaq: YDLE) also announced that the Boards of Directors of both companies have unanimously approved a definitive agreement under which Envestnet will acquire all of the shares of Yodlee in a cash and stock transaction valued at $18.88 per share, or approximately $660 million on a fully-diluted equity value basis. As Yodlee has approximately $70 million in cash and cash... More
Envestnet (ENV) to Acquire Yodlee (YDLE) in $660M Deal
August 10, 2015 4:23 PM UTCEnvestnet, Inc. (NYSE: ENV), a leading provider of unified wealth management technology and services to financial advisors, and Yodlee, Inc. (Nasdaq: YDLE), the leading cloud-based platform driving digital financial innovation, today announced that the Boards of Directors of both companies have unanimously approved a definitive agreement under which Envestnet will acquire all of the shares of Yodlee in a cash and stock transaction valued at $18.88 per share, or approximately $660 million on a fully-diluted equity value basis. As Yodlee has approximately $70 million in cash and cash equivalents, the transaction reflects an enterprise... More
