Ellie Mae Inc (NASDAQ:ELLI) announced its earnings results on Thursday. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.08. The business had revenue of $96.20 million for the quarter, compared to analyst estimates of $88.73 million. During the same quarter in the previous year, the company earned $0.44 EPS. The business’s revenue for the quarter was up 48.2% on a year-over-year basis.

Ellie Mae (NASDAQ:ELLI) opened at 90.18 on Friday. Ellie Mae has a 52 week low of $65.67 and a 52 week high of $109.99. The company has a 50-day moving average of $84.85 and a 200 day moving average of $92.63. The company has a market cap of $3.03 billion and a P/E ratio of 90.82.

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A number of brokerages have issued reports on ELLI. Pacific Crest restated an “overweight” rating on shares of Ellie Mae in a research report on Saturday, January 7th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating on shares of Ellie Mae in a report on Tuesday, December 20th. Royal Bank Of Canada downgraded shares of Ellie Mae from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $114.00 to $90.00 in a report on Thursday, November 17th. Zacks Investment Research downgraded shares of Ellie Mae from a “hold” rating to a “sell” rating in a report on Friday, October 14th. Finally, RBC Capital Markets downgraded shares of Ellie Mae from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $114.00 to $90.00 in a report on Thursday, November 17th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $108.30.

In other news, Director A Barr Dolan sold 5,000 shares of the stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $80.65, for a total value of $403,250.00. Following the transaction, the director now owns 9,368 shares of the company’s stock, valued at approximately $755,529.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jonathan Corr sold 2,732 shares of the stock in a transaction on Monday, January 9th. The stock was sold at an average price of $84.12, for a total transaction of $229,815.84. Following the completion of the transaction, the chief executive officer now directly owns 85,533 shares in the company, valued at approximately $7,195,035.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,133 shares of company stock valued at $2,523,487.

Several institutional investors have recently modified their holdings of ELLI. Amalgamated Bank raised its position in shares of Ellie Mae by 0.5% in the second quarter. Amalgamated Bank now owns 3,114 shares of the company’s stock worth $305,000 after buying an additional 17 shares during the last quarter. Cetera Advisor Networks LLC raised its position in shares of Ellie Mae by 1.2% in the third quarter. Cetera Advisor Networks LLC now owns 3,200 shares of the company’s stock worth $337,000 after buying an additional 38 shares during the last quarter. Advisor Group Inc. raised its position in shares of Ellie Mae by 9.2% in the third quarter. Advisor Group Inc. now owns 1,130 shares of the company’s stock worth $119,000 after buying an additional 95 shares during the last quarter. Lebenthal Lisanti Capital Growth LLC raised its position in shares of Ellie Mae by 4.6% in the third quarter. Lebenthal Lisanti Capital Growth LLC now owns 9,265 shares of the company’s stock worth $976,000 after buying an additional 405 shares during the last quarter. Finally, Coe Capital Management LLC raised its position in shares of Ellie Mae by 2.4% in the second quarter. Coe Capital Management LLC now owns 24,210 shares of the company’s stock worth $2,219,000 after buying an additional 573 shares during the last quarter.

Ellie Mae Company Profile

Ellie Mae, Inc (Ellie Mae) is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Company’s Encompass all-in-one mortgage management solution provides one system of record that allows banks, credit unions, and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency.

5 Day Chart for NASDAQ:ELLI

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