ELLIE MAE Director Unloads $36,963 in Stock (ELLI)
ELLIE MAE (NASDAQ:ELLI) Director Alan Henricks unloaded 1,250 shares of ELLIE MAE stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $29.57, for a total value of $36,962.50. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at Maxim Group raised their price target on shares of ELLIE MAE (NASDAQ:ELLI) from $35.00 to $37.00 in a research note to investors on Thursday, September 5th. They now have a “buy” rating on the stock.
One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $33.14.
ELLIE MAE (NASDAQ:ELLI) traded down 0.20% during mid-day trading on Monday, hitting $29.70. The stock had a trading volume of 265,415 shares. ELLIE MAE has a 1-year low of $18.61 and a 1-year high of $32.61. The stock’s 50-day moving average is $28.74 and its 200-day moving average is $24.66. The company has a market cap of $786.1 million and a P/E ratio of 45.78.
ELLIE MAE (NASDAQ:ELLI) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.29 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.29. The company had revenue of $34.30 million for the quarter, compared to the consensus estimate of $33.90 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 45.3% on a year-over-year basis. On average, analysts predict that ELLIE MAE will post $1.10 earnings per share for the current fiscal year.
Ellie Mae, Inc is a provider of on-demand automation solutions for the mortgage industry. The Company offers an end-to-end solution, delivered using a software-as-a-service model that serves as the core operating system for mortgage originators and spans customer relationship management, loan origination and business management.
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