Media stories about Ellie Mae (NYSE:ELLI) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 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 media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 46.8761958363754 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
Ellie Mae (NYSE ELLI) opened at $94.96 on Friday. The firm has a market capitalization of $3,266.44, a price-to-earnings ratio of 62.89, a price-to-earnings-growth ratio of 12.33 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 released its quarterly earnings results on Thursday, October 26th. The software maker reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.13. The company had revenue of $107.00 million during the quarter, compared to the consensus estimate of $105.62 million. Ellie Mae had a return on equity of 6.39% and a net margin of 13.45%. Ellie Mae’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. analysts anticipate that Ellie Mae will post 0.9 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on ELLI shares. Barclays lifted their price objective on Ellie Mae from $92.00 to $100.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Zacks Investment Research raised Ellie Mae from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Royal Bank of Canada reaffirmed a “hold” rating and set a $90.00 price objective on shares of Ellie Mae in a report on Tuesday, October 10th. Needham & Company LLC reaffirmed a “buy” rating on shares of Ellie Mae in a report on Sunday, October 29th. Finally, KeyCorp reaffirmed a “buy” rating and set a $116.00 price objective on shares of Ellie Mae in a report on Sunday, November 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $108.50.
In other news, CEO Jonathan Corr sold 2,211 shares of Ellie Mae stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $87.52, for a total value of $193,506.72. Following the completion of the sale, the chief executive officer now owns 116,002 shares of the company’s stock, valued at $10,152,495.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Gates Cathleen Schreiner sold 13,000 shares of Ellie Mae stock in a transaction on Friday, January 12th. The shares were sold at an average price of $95.56, for a total value of $1,242,280.00. Following the completion of the sale, the executive vice president now directly owns 56,313 shares of the company’s stock, valued at approximately $5,381,270.28. The disclosure for this sale can be found here. Insiders have sold 64,870 shares of company stock valued at $5,832,260 in the last three months. 3.39% of the stock is currently owned by company insiders.
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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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