Headlines about Ellie Mae (NASDAQ:ELLI) have trended positive recently, AlphaOne reports. AlphaOne, a service of Accern, ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ellie Mae earned a daily sentiment score of 0.29 on AlphaOne’s scale. AlphaOne also assigned news headlines about the software maker an impact score of 76 out of 100, meaning that recent news coverage is likely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Alpha One Sentiment’s scoring:
- Commit To Purchase Ellie Mae At $90, Earn 7.3% Annualized Using Options (nasdaq.com)
- Ellie Mae : Recognized as a Best Place to Work in the Bay Area (4-traders.com)
- Ellie Mae Recognized as a Best Place to Work in the Bay Area (finance.yahoo.com)
- Purchase Market Heats up While Time to Close Shrinks to Shortest Duration since Early 2015, According to Latest Origination Insight Report from Ellie Mae (finance.yahoo.com)
- Ellie Mae (ELLI) Receiving Favorable Press Coverage, Report Finds (americanbankingnews.com)
Several brokerages have recently commented on ELLI. Zacks Investment Research upgraded Ellie Mae from a “sell” rating to a “hold” rating and set a $116.00 target price for the company in a research note on Tuesday, April 11th. William Blair upgraded Ellie Mae from a “market perform” rating to an “outperform” rating in a research note on Monday, April 3rd. CIBC lifted their target price on Ellie Mae from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, March 24th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $125.00 price target (up from $120.00) on shares of Ellie Mae in a research note on Thursday, March 23rd. Finally, Wedbush began coverage on Ellie Mae in a research note on Monday, March 13th. They issued a “neutral” rating and a $109.00 price target for the company. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $102.30.
Ellie Mae (NASDAQ:ELLI) traded down 0.40% during mid-day trading on Friday, hitting $108.32. The stock had a trading volume of 303,147 shares. Ellie Mae has a 12 month low of $74.11 and a 12 month high of $110.45. The company has a market cap of $3.66 billion and a price-to-earnings ratio of 94.19. The firm’s 50-day moving average is $100.66 and its 200 day moving average is $93.22.
Ellie Mae (NASDAQ:ELLI) last released its quarterly earnings results on Thursday, February 9th. The software maker reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.08. The firm had revenue of $96.20 million for the quarter, compared to analysts’ expectations of $88.73 million. During the same quarter in the previous year, the business earned $0.44 EPS. The company’s revenue for the quarter was up 48.2% on a year-over-year basis. Equities analysts anticipate that Ellie Mae will post $1.88 EPS for the current fiscal year.
In other Ellie Mae news, insider Sigmund Anderman sold 21,823 shares of the firm’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $93.29, for a total transaction of $2,035,867.67. Following the sale, the insider now owns 118,654 shares in the company, valued at $11,069,231.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter Hirsch sold 1,725 shares of the firm’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $93.42, for a total value of $161,149.50. Following the sale, the executive vice president now owns 18,164 shares in the company, valued at approximately $1,696,880.88. The disclosure for this sale can be found here. Insiders have sold 156,062 shares of company stock worth $15,046,251 in the last 90 days.
About Ellie Mae
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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