Ellie Mae Reaches New 12-Month High at $35.97 (ELLI)
Shares of Ellie Mae (NASDAQ:ELLI) reached a new 52-week high during mid-day trading on Tuesday , AmericanBankingNews.com reports. The stock traded as high as $35.97 and last traded at $35.60, with a volume of 136,511 shares trading hands. The stock had previously closed at $34.97.
A number of analysts have recently weighed in on ELLI shares. Analysts at TheStreet upgraded shares of Ellie Mae from a “hold” rating to a “buy” rating in a research note on Tuesday, July 8th. Analysts at Dougherty & Co upgraded shares of Ellie Mae from a “hold” rating to a “buy” rating in a research note on Monday, June 30th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.20.
The stock has a 50-day moving average of $31.1 and a 200-day moving average of $28.48. The company has a market cap of $1.015 billion and a P/E ratio of 99.63.
Ellie Mae (NASDAQ:ELLI) last released its earnings data on Thursday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.10. The company had revenue of $39.98 million for the quarter, compared to the consensus estimate of $36.39 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. Analysts expect that Ellie Mae will post $1.00 EPS for the current fiscal year.
In other Ellie Mae news, EVP Limin Hu unloaded 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $34.74, for a total value of $347,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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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