Weekly Research Analysts’ Ratings Changes for Ellie Mae (ELLI)

A number of firms have modified their ratings and price targets on shares of Ellie Mae (NYSE: ELLI) recently:

  • 2/14/2018 – Ellie Mae had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $106.00 price target on the stock.
  • 2/12/2018 – Ellie Mae was downgraded by analysts at Zacks Investment Research from a “buy” 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. “
  • 2/9/2018 – Ellie Mae had its “hold” rating reaffirmed by analysts at Stephens. They now have a $92.00 price target on the stock.
  • 2/9/2018 – Ellie Mae was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $98.00 price target on the stock. 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. “
  • 2/9/2018 – Ellie Mae had its price target lowered by analysts at Bank of America Corp from $115.00 to $110.00. They now have a “buy” rating on the stock.
  • 2/5/2018 – Ellie Mae had its price target raised by analysts at KeyCorp from $118.00 to $120.00. They now have an “overweight” rating on the stock.
  • 2/1/2018 – Ellie Mae had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $110.00 price target on the stock.
  • 1/30/2018 – Ellie Mae had its price target raised by analysts at Morgan Stanley from $101.00 to $109.00. They now have an “equal weight” rating on the stock.
  • 1/9/2018 – Ellie Mae was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $114.00 price target on the stock, up previously from $100.00.
  • 1/3/2018 – Ellie Mae is now covered by analysts at Compass Point. They set a “sell” rating and a $65.00 price target on the stock.
  • 1/1/2018 – Ellie Mae was downgraded by analysts at Zacks Investment Research from a “buy” 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. “
  • 12/27/2017 – Ellie Mae was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $103.00 price target on the stock. 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. “

Ellie Mae Inc (ELLI) traded up $0.08 during trading on Wednesday, hitting $88.94. 492,414 shares of the stock traded hands, compared to its average volume of 440,046. The stock has a market cap of $2,960.69, a PE ratio of 60.09, a P/E/G ratio of 7.12 and a beta of 0.57. Ellie Mae Inc has a 1-year low of $79.71 and a 1-year high of $114.95.

Ellie Mae (NYSE:ELLI) last released its quarterly earnings data on Thursday, February 8th. The software maker reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The business had revenue of $112.89 million during the quarter, compared to analysts’ expectations of $108.27 million. Ellie Mae had a net margin of 12.67% and a return on equity of 5.43%. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS. analysts anticipate that Ellie Mae Inc will post 0.81 earnings per share for the current year.

In related news, insider Sigmund Anderman sold 18,726 shares of Ellie Mae stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $88.80, for a total transaction of $1,662,868.80. Following the sale, the insider now directly owns 81,087 shares in the company, valued at approximately $7,200,525.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gates Cathleen Schreiner sold 1,900 shares of Ellie Mae stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $86.01, for a total transaction of $163,419.00. Following the sale, the executive vice president now owns 43,149 shares in the company, valued at $3,711,245.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,721 shares of company stock valued at $5,402,858. Corporate insiders own 3.39% of the company’s stock.

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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