Several analysts have recently updated their ratings and price targets for Ellie Mae (NASDAQ: ELLI):

  • 10/18/2017 – Ellie Mae was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/18/2017 – Ellie Mae was upgraded by analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating. They now have a $105.00 price target on the stock, up previously from $90.00.
  • 10/18/2017 – Ellie Mae was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Ellie Mae, Inc. operates electronic mortgage origination networks in the United States. The Company’s network and technology-enabled solutions help streamline and automate the mortgage origination process. Solutions offered by Ellie include Encompass software, a comprehensive operating system that handles key business and management functions involved in running a mortgage origination business, and serves as a gateway to the Ellie Mae Network. Through its solutions the Company also offers services like: automated preparation of the disclosure and closing documents; electronic document management and websites and electronic connectivity. Ellie Mae, Inc. is headquartered in Pleasanton, California. “
  • 10/10/2017 – Ellie Mae had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $90.00 price target on the stock.
  • 10/4/2017 – Ellie Mae had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $116.00 price target on the stock.
  • 9/27/2017 – Ellie Mae was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Ellie Mae, Inc. operates electronic mortgage origination networks in the United States. The Company’s network and technology-enabled solutions help streamline and automate the mortgage origination process. Solutions offered by Ellie include Encompass software, a comprehensive operating system that handles key business and management functions involved in running a mortgage origination business, and serves as a gateway to the Ellie Mae Network. Through its solutions the Company also offers services like: automated preparation of the disclosure and closing documents; electronic document management and websites and electronic connectivity. Ellie Mae, Inc. is headquartered in Pleasanton, California. “
  • 9/13/2017 – Ellie Mae had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $101.00 price target on the stock.
  • 9/3/2017 – Ellie Mae had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $100.00 price target on the stock.
  • 9/1/2017 – Ellie Mae had its “buy” rating reaffirmed by analysts at J P Morgan Chase & Co.
  • 9/1/2017 – Ellie Mae was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Ellie Mae Inc (NASDAQ:ELLI) opened at 89.54 on Monday. The stock has a 50 day moving average of $84.84 and a 200 day moving average of $98.44. The stock has a market capitalization of $3.08 billion and a P/E ratio of 59.38. Ellie Mae Inc has a 52 week low of $77.60 and a 52 week high of $114.95.

Ellie Mae (NASDAQ:ELLI) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.16. Ellie Mae had a net margin of 18.08% and a return on equity of 10.74%. The business had revenue of $104.10 million for the quarter, compared to analyst estimates of $110.69 million. During the same period last year, the business earned $0.64 EPS. The company’s revenue was up 15.5% on a year-over-year basis. On average, equities research analysts predict that Ellie Mae Inc will post $1.48 earnings per share for the current fiscal year.

In other news, Director Marina Levinson sold 2,861 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $82.39, for a total value of $235,717.79. Following the sale, the director now directly owns 3,358 shares in the company, valued at approximately $276,665.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gates Cathleen Schreiner sold 1,200 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $84.58, for a total transaction of $101,496.00. Following the completion of the sale, the executive vice president now owns 45,049 shares in the company, valued at $3,810,244.42. The disclosure for this sale can be found here. Insiders sold a total of 12,608 shares of company stock worth $1,064,254 over the last 90 days.

Ellie Mae, Inc is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. Banks, credit unions, mortgage lenders and mortgage brokers use the Company’s Encompass mortgage management solution to originate and fund mortgages. The Company’s Encompass software is an enterprise solution that handles functions involved in running the business of originating mortgages, including customer relationship management; loan processing; underwriting; preparation of application, disclosure and closing documents; funding and closing the loan for the borrower; compliance with regulatory and investor requirements, and overall enterprise management.

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