Barclays Lowers Ellie Mae Price Target to $36.00 (ELLI)
Stock analysts at Barclays reduced their price objective on shares of Ellie Mae (AMEX:ELLI) from $38.00 to $36.00 in a report issued on Friday, Stock Ratings Network.com reports. The firm currently has an “overweight” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at JMP Securities downgraded shares of Ellie Mae from a “market outperform” rating to a “market perform” rating in a research note to investors on Wednesday, October 16th. Separately, analysts at FBR Capital Markets raised their price target on shares of Ellie Mae 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. Finally, analysts at Maxim Group raised their price target on shares of Ellie Mae 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.
Ellie Mae (AMEX:ELLI) opened at 24.03 on Friday. Ellie Mae has a one year low of $18.61 and a one year high of $32.61. The stock’s 50-day moving average is $30.68 and its 200-day moving average is $26.73. The company has a market cap of $636.0 million and a price-to-earnings ratio of 44.46.
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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