Media coverage about Ellie Mae (NYSE:ELLI) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ellie Mae earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 45.8058840480971 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s analysis:
- Ellie Mae’s Policy and Education Manager ensures seamless compliance (housingwire.com)
- July Kudos: Celebrating milestones, launches and awards in the mortgage industry (housingwire.com)
- $0.41 EPS Expected for Ellie Mae Inc (ELLI) This Quarter (americanbankingnews.com)
- Look for Shares of Ellie Mae Inc to Potentially Rebound after Yesterday’s 2.46% Sell Off (mysmartrend.com)
Shares of Ellie Mae traded up $0.30, hitting $104.86, during midday trading on Tuesday, according to MarketBeat. 4,823 shares of the company traded hands, compared to its average volume of 420,601. Ellie Mae has a 52 week low of $79.71 and a 52 week high of $116.90. The company has a market capitalization of $3.57 billion, a PE ratio of 101.80, a price-to-earnings-growth ratio of 6.72 and a beta of 0.59.
Ellie Mae (NYSE:ELLI) last released its quarterly earnings data on Thursday, April 26th. The software maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.09 by $0.25. Ellie Mae had a net margin of 10.28% and a return on equity of 5.73%. The business had revenue of $117.91 million during the quarter, compared to the consensus estimate of $108.80 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The business’s revenue was up 26.8% on a year-over-year basis. analysts forecast that Ellie Mae will post 0.86 earnings per share for the current year.
Several brokerages recently weighed in on ELLI. Royal Bank of Canada upped their target price on shares of Ellie Mae to $125.00 and gave the stock an “outperform” rating in a report on Monday, June 18th. JPMorgan Chase & Co. downgraded shares of Ellie Mae from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $112.00 to $118.00 in a report on Thursday, June 21st. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Ellie Mae from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 27th. Wedbush reaffirmed an “underperform” rating and issued a $69.00 target price on shares of Ellie Mae in a report on Friday, April 27th. Finally, KeyCorp reissued a “buy” rating and set a $120.00 price objective on shares of Ellie Mae in a report on Wednesday, March 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $103.33.
In other news, CEO Jonathan Corr sold 589 shares of the company’s stock in a transaction dated Wednesday, April 11th. The shares were sold at an average price of $94.34, for a total transaction of $55,566.26. Following the sale, the chief executive officer now directly owns 109,572 shares in the company, valued at approximately $10,337,022.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph P. Tyrrell sold 996 shares of the company’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $101.49, for a total transaction of $101,084.04. Following the sale, the executive vice president now owns 42,412 shares in the company, valued at $4,304,393.88. The disclosure for this sale can be found here. Insiders have sold a total of 34,443 shares of company stock valued at $3,641,294 in the last three months. Insiders own 3.14% of the company’s stock.
Ellie Mae Company Profile
Ellie Mae, Inc provides cloud-based platform for the mortgage finance industry in the United States. The company provides Encompass, a proprietary software solution that combines lead management; loan origination and processing; underwriting; preparation of mortgage applications, disclosure agreements, and closing documents; loan funding and closing; compliance with regulatory and investor requirements; and enterprise management.
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