Ellie Mae (NYSE:ELLI) EVP Joseph P. Tyrrell sold 996 shares of the stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $101.49, for a total value of $101,084.04. Following the sale, the executive vice president now owns 42,412 shares of the company’s stock, valued at $4,304,393.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of ELLI opened at $103.75 on Friday. The stock has a market capitalization of $3.56 billion, a PE ratio of 87.92, a PEG ratio of 6.72 and a beta of 0.51. Ellie Mae has a one year low of $79.71 and a one year high of $114.95.
Ellie Mae (NYSE:ELLI) last announced its quarterly earnings results on Thursday, April 26th. The software maker reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $108.80 million. During the same quarter last year, the firm earned $0.25 EPS. The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. analysts anticipate that Ellie Mae will post 0.86 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. We Are One Seven LLC lifted its position in Ellie Mae by 238.3% in the 1st quarter. We Are One Seven LLC now owns 1,316 shares of the software maker’s stock valued at $121,000 after acquiring an additional 927 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Ellie Mae by 45.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock valued at $174,000 after acquiring an additional 602 shares in the last quarter. Barings LLC bought a new position in Ellie Mae in the 4th quarter valued at about $201,000. M&T Bank Corp bought a new position in Ellie Mae in the 1st quarter valued at about $206,000. Finally, ETRADE Capital Management LLC bought a new position in Ellie Mae in the 1st quarter valued at about $215,000.
Several brokerages have recently commented on ELLI. Wedbush restated an “underperform” rating and issued a $69.00 target price on shares of Ellie Mae in a research note on Friday, April 27th. Oppenheimer restated a “buy” rating and issued a $110.00 target price on shares of Ellie Mae in a research note on Thursday, February 1st. Compass Point restated a “sell” rating and issued a $60.00 target price (up from $58.75) on shares of Ellie Mae in a research note on Friday, April 27th. Bank of America reduced their target price on Ellie Mae from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Finally, Zacks Investment Research downgraded Ellie Mae from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Ellie Mae has a consensus rating of “Hold” and a consensus price target of $100.27.
About Ellie Mae
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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