Envela (NYSEAMERICAN:ELA – Get Free Report) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Envela presently has a consensus rating of “Moderate Buy” and an average price target of $22.50. Vanguard Group Inc. now owns 455,034 shares of the company’s stock worth $3,554,000 after acquiring an additional 2,737 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Envela by 12.9% during the 1st quarter.