Ellie Mae, Inc. (NYSE:ELLI)‘s stock had its “buy” rating reissued by KeyCorp in a research note issued to investors on Sunday.
ELLI has been the topic of a number of other research reports. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $101.00 price target on shares of Ellie Mae in a report on Wednesday, September 13th. ValuEngine upgraded shares of Ellie Mae from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Ellie Mae from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 27th. Roth Capital lowered shares of Ellie Mae from a “buy” rating to a “neutral” rating in a report on Friday, July 28th. Finally, BidaskClub lowered shares of Ellie Mae from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $110.71.
Ellie Mae (NYSE:ELLI) traded down $0.42 during mid-day trading on Friday, reaching $87.94. 202,715 shares of the company’s stock traded hands, compared to its average volume of 587,065. The stock has a market cap of $3,037.12, a PE ratio of 69.79, a P/E/G ratio of 7.39 and a beta of 0.30. Ellie Mae has a 12-month low of $77.60 and a 12-month high of $114.95.
Ellie Mae (NYSE:ELLI) last released its earnings results on Thursday, October 26th. The software maker reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.13. The firm had revenue of $107.00 million during the quarter, compared to analysts’ expectations of $105.62 million. Ellie Mae had a net margin of 13.45% and a return on equity of 6.39%. Ellie Mae’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 EPS. analysts predict that Ellie Mae will post 0.9 EPS for the current year.
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In related news, insider Sigmund Anderman sold 12,000 shares of Ellie Mae stock in a transaction on Friday, October 20th. The shares were sold at an average price of $89.24, for a total transaction of $1,070,880.00. Following the transaction, the insider now owns 98,321 shares in the company, valued at approximately $8,774,166.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gates Cathleen Schreiner sold 1,200 shares of Ellie Mae 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 transaction, the executive vice president now owns 45,049 shares in the company, valued at approximately $3,810,244.42. The disclosure for this sale can be found here. Insiders have sold a total of 36,057 shares of company stock worth $3,146,282 in the last 90 days. Company insiders own 3.39% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Advisor Group Inc. lifted its holdings in Ellie Mae by 13.2% in the 2nd quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock worth $112,000 after buying an additional 118 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Ellie Mae by 8.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,230 shares of the software maker’s stock worth $135,000 after buying an additional 100 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Ellie Mae in the 3rd quarter worth $139,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ellie Mae by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,339 shares of the software maker’s stock worth $147,000 after buying an additional 119 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in Ellie Mae by 1.4% in the 2nd quarter. Bank of Montreal Can now owns 1,817 shares of the software maker’s stock worth $200,000 after buying an additional 25 shares in the last quarter.
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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