Shares of Ellie Mae Inc (NYSE:ELLI) have earned a consensus recommendation of “Buy” from the seventeen analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $108.10.
Several equities research analysts have recently commented on the company. Morgan Stanley lifted their target price on Ellie Mae from $101.00 to $109.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Oppenheimer reissued a “buy” rating and issued a $110.00 target price on shares of Ellie Mae in a research note on Thursday, February 1st. Zacks Investment Research raised Ellie Mae from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Wednesday, December 27th. KeyCorp lifted their target price on Ellie Mae from $118.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. Finally, Compass Point assumed coverage on Ellie Mae in a research note on Wednesday, January 3rd. They issued a “sell” rating and a $65.00 target price for the company.
Ellie Mae (ELLI) traded up $0.41 during midday trading on Friday, hitting $96.90. The stock had a trading volume of 481,034 shares, compared to its average volume of 399,004. The firm has a market cap of $3,293.20, a PE ratio of 65.54, a P/E/G ratio of 8.17 and a beta of 0.63. Ellie Mae has a one year low of $79.71 and a one year high of $114.95.
Ellie Mae (NYSE:ELLI) last released its earnings results on Thursday, February 8th. The software maker reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The company had revenue of $112.89 million during the quarter, compared to analysts’ expectations of $108.27 million. Ellie Mae had a return on equity of 5.39% and a net margin of 12.67%. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. equities analysts predict that Ellie Mae will post 0.78 earnings per share for the current year.
In other news, EVP Brian E. Brown sold 2,081 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $89.47, for a total value of $186,187.07. Following the transaction, the executive vice president now directly owns 14,238 shares in the company, valued at approximately $1,273,873.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jonathan Corr sold 589 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $93.93, for a total value of $55,324.77. Following the completion of the transaction, the chief executive officer now owns 114,147 shares in the company, valued at $10,721,827.71. The disclosure for this sale can be found here. Insiders sold a total of 84,506 shares of company stock worth $7,731,382 over the last 90 days. 3.39% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. bought a new position in Ellie Mae during the third quarter worth about $139,000. Advisor Group Inc. lifted its holdings in Ellie Mae by 69.3% during the third quarter. Advisor Group Inc. now owns 1,717 shares of the software maker’s stock worth $140,000 after acquiring an additional 703 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ellie Mae by 45.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock worth $174,000 after acquiring an additional 602 shares in the last quarter. Barings LLC bought a new position in Ellie Mae during the fourth quarter worth about $201,000. Finally, Atria Investments LLC bought a new position in Ellie Mae during the fourth quarter worth about $261,000.
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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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