ELLIE MAE Inc. Hits New 52-Week High at $32.66 (ELLI)
ELLIE MAE (NASDAQ:ELLI)’s share price reached a new 52-week high during trading on Tuesday, Stock Ratings Network reports. The stock traded as high as $32.66 and last traded at $32.30, with a volume of 355,165 shares traded. The stock had previously closed at $32.01.
A number of analysts have recently weighed in on ELLI shares. Analysts at Maxim Group reiterated a “buy” rating on shares of ELLIE MAE (NASDAQ:ELLI) in a research note to investors on Monday, September 23rd. They now have a $37.00 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of ELLIE MAE (NASDAQ:ELLI) from $35.00 to $37.00 in a research note to investors on Monday, September 23rd. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. ELLIE MAE has an average rating of “Buy” and a consensus price target of $33.43.
ELLIE MAE has a 52-week low of $18.61 and a 52-week high of $32.61. The stock has a 50-day moving average of $30.18 and a 200-day moving average of $25.49. The company has a market cap of $854.1 million and a price-to-earnings ratio of 49.25.
ELLIE MAE (NASDAQ:ELLI) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.29 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.27 earnings per share. ELLIE MAE’s revenue was up 45.3% compared to the same quarter last year. Analysts expect that ELLIE MAE will post $1.10 EPS 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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