Ellie Mae Reaches New 1-Year High at $36.22 (ELLI)
Shares of Ellie Mae (NASDAQ:ELLI) hit a new 52-week high on Friday , Analyst Ratings Network.com reports. The company traded as high as $36.22 and last traded at $35.94, with a volume of 82,735 shares traded. The stock had previously closed at $34.67.
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. Ellie Mae currently has an average rating of “Buy” and a consensus price target of $35.20.
The stock’s 50-day moving average is $31.97 and its 200-day moving average is $29.00. The company has a market cap of $1.014 billion and a price-to-earnings ratio of 98.77.
Ellie Mae (NASDAQ:ELLI) last released its earnings data on Thursday, July 31st. The company reported $0.31 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.29 earnings per share. Ellie Mae’s revenue was up 16.7% compared to the same quarter last year. Analysts expect that Ellie Mae will post $1.00 EPS for the current fiscal year.
In other Ellie Mae news, CEO Sigmund Anderman unloaded 10,000 shares of Ellie Mae stock on the open market in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $35.21, for a total value of $352,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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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