ValuEngine upgraded shares of Ellie Mae (NYSE:ELLI) from a hold rating to a buy rating in a research report report published on Wednesday morning.
Other equities research analysts also recently issued research reports about the company. JMP Securities decreased their target price on Ellie Mae from $125.00 to $99.00 and set an outperform rating for the company in a research report on Friday, October 26th. Wedbush cut their price target on Ellie Mae from $70.00 to $53.00 and set an underperform rating on the stock in a research note on Monday, October 29th. Oppenheimer cut their price target on Ellie Mae from $92.00 to $80.00 and set an outperform rating on the stock in a research note on Thursday, November 29th. Bank of America cut their price target on Ellie Mae from $115.00 to $85.00 and set a neutral rating on the stock in a research note on Friday, October 26th. Finally, Zacks Investment Research cut Ellie Mae from a buy rating to a hold rating in a research note on Monday, January 21st. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $86.43.
Shares of NYSE ELLI opened at $98.90 on Wednesday. Ellie Mae has a 1-year low of $58.49 and a 1-year high of $116.90. The stock has a market capitalization of $2.89 billion, a PE ratio of 96.02, a P/E/G ratio of 6.20 and a beta of 1.38.
Several institutional investors have recently made changes to their positions in ELLI. FMR LLC raised its position in shares of Ellie Mae by 14.9% during the 2nd quarter. FMR LLC now owns 1,559,695 shares of the software maker’s stock worth $161,959,000 after purchasing an additional 202,708 shares during the period. Scout Investments Inc. raised its position in shares of Ellie Mae by 238.4% during the 3rd quarter. Scout Investments Inc. now owns 174,803 shares of the software maker’s stock worth $16,566,000 after purchasing an additional 123,147 shares during the period. Seven Eight Capital LP acquired a new stake in shares of Ellie Mae during the 3rd quarter worth approximately $910,000. First Trust Advisors LP raised its position in shares of Ellie Mae by 112.4% during the 3rd quarter. First Trust Advisors LP now owns 21,680 shares of the software maker’s stock worth $2,055,000 after purchasing an additional 11,475 shares during the period. Finally, Palo Capital Inc. acquired a new stake in shares of Ellie Mae during the 3rd quarter worth approximately $379,000.
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.
Featured Story: Is a Roth IRA right for you?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Ellie Mae Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellie Mae and related companies with MarketBeat.com's FREE daily email newsletter.