Shares of Ellie Mae Inc (NYSE:ELLI) have earned a consensus rating of “Buy” from the eighteen brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $109.77.
A number of equities analysts have weighed in on the stock. Barclays upgraded shares of Ellie Mae from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $100.00 to $114.00 in a research report on Tuesday, January 9th. Compass Point assumed coverage on shares of Ellie Mae in a research report on Wednesday, January 3rd. They set a “sell” rating and a $65.00 target price for the company. Zacks Investment Research lowered shares of Ellie Mae from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. KeyCorp reiterated a “buy” rating and set a $116.00 target price on shares of Ellie Mae in a research report on Sunday, November 19th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Ellie Mae in a research report on Sunday, October 29th.
Ellie Mae (ELLI) opened at $97.71 on Friday. The firm has a market cap of $3,370.00, a PE ratio of 64.71, a P/E/G ratio of 12.52 and a beta of 0.29. Ellie Mae has a 1 year low of $79.71 and a 1 year high of $114.95.
Ellie Mae (NYSE:ELLI) last issued its earnings results on Thursday, October 26th. The software maker reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.13. The firm had revenue of $107.00 million during the quarter, compared to analyst estimates of $105.62 million. Ellie Mae had a net margin of 13.45% and a return on equity of 6.39%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business earned $0.60 earnings per share. equities analysts forecast that Ellie Mae will post 0.9 earnings per share for the current fiscal year.
In other news, Director A Barr Dolan sold 4,666 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $87.59, for a total value of $408,694.94. Following the sale, the director now directly owns 9,053 shares of the company’s stock, valued at $792,952.27. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Sigmund Anderman sold 7,920 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $87.38, for a total transaction of $692,049.60. Following the completion of the sale, the chairman now directly owns 98,321 shares in the company, valued at $8,591,288.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 64,870 shares of company stock worth $5,832,260. Insiders own 3.39% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. raised its stake in Ellie Mae by 6.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 161,018 shares of the software maker’s stock valued at $14,396,000 after purchasing an additional 9,172 shares in the last quarter. Atria Investments LLC purchased a new stake in Ellie Mae in the fourth quarter valued at approximately $261,000. Nisa Investment Advisors LLC raised its stake in Ellie Mae by 243.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,230 shares of the software maker’s stock valued at $378,000 after purchasing an additional 3,000 shares in the last quarter. DF Dent & Co. Inc. raised its stake in Ellie Mae by 10.7% in the third quarter. DF Dent & Co. Inc. now owns 50,017 shares of the software maker’s stock valued at $4,108,000 after purchasing an additional 4,850 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Ellie Mae by 2.8% in the third quarter. California Public Employees Retirement System now owns 138,482 shares of the software maker’s stock valued at $11,374,000 after purchasing an additional 3,782 shares in the last quarter.
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Ellie Mae Company Profile
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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