Impact of Brokerage Rating on Ellie Mae, Inc.(ELLI)

Many Ellie Mae, Inc.(ELLI) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Ellie Mae Inc was Initiated by Morgan Stanley to Equal-Weight on Jan 12, 2017. Ellie Mae Inc was Downgraded by RBC Capital Mkts on Nov 17, 2016 to Sector Perform, Lowers Price Target to $ 90 from a previous price target of $114 .

Company has reported several Insider transactions to the SEC, on Feb 8, 2017, Jonathan Corr (President & CEO) sold 2,732 shares at 88.61 per share price.On Feb 3, 2017, Edgar Luce (Chief Financial Officer) sold 1,650 shares at 83.42 per share price.On Jan 5, 2017, Gates Cathleen Schreiner (EVP, Sales & Marketing) sold 13,019 shares at 84.42 per share price.

Ellie Mae Inc Last issued its quarterly earnings results on Feb 9, 2017. The company reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.09. Analyst had a consensus of $0.48. The company had revenue of $96.20 million for the quarter, compared to analysts expectations of $89.14 million. The companys revenue was up 48.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Ellie Mae, Inc. (NYSE:ELLI) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.9 by 10 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 4 Brokerage Firms have advised hold.

Ellie Mae, Inc. (NYSE:ELLI): 9 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $111.56 in Ellie Mae, Inc. (NYSE:ELLI). However, the stock price could fluctuate by $ 12.64 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $131 price target with the lower price estimate is calculated at $90

Ellie Mae, Inc. (NYSE:ELLI) witnessed a decline in the market cap on Tuesday as its shares dropped 2.2% or 2.14 points. After the session commenced at $96.99, the stock reached the higher end at $96.99 while it hit a low of $93.61. With the volume soaring to 623,117 shares, the last trade was called at $95.29. The company has a 52-week high of $109.985. The company has a market cap of $3,210 million and there are 33,685,649 shares in outstanding. The 52-week low of the share price is $72.69.

Ellie Mae, Inc. operates electronic mortgage origination networks in the United States. The Companys network and technology-enabled solutions help streamline and automate the mortgage origination process. Solutions offered by Ellie include Encompass software, a comprehensive operating system that handles key business and management functions involved in running a mortgage origination business, and serves as a gateway to the Ellie Mae Network. Through its solutions the Company also offers services like: automated preparation of the disclosure and closing documents; electronic document management and websites and electronic connectivity. Ellie Mae, Inc. is headquartered in Pleasanton, California.

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