Ellie Mae Inc (NYSE:ELLI) has earned a consensus rating of “Buy” from the nineteen ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $107.21.

Several equities research analysts recently commented on the company. Zacks Investment Research cut Ellie Mae from a “buy” rating to a “hold” rating in a research note on Monday. Bank of America reduced their price objective 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. Stephens reissued a “hold” rating and issued a $92.00 price objective on shares of Ellie Mae in a research note on Friday, February 9th. Compass Point initiated coverage on Ellie Mae in a research note on Wednesday, January 3rd. They issued a “sell” rating and a $65.00 price objective for the company. Finally, Oppenheimer reissued a “buy” rating and issued a $110.00 price objective on shares of Ellie Mae in a research note on Thursday, February 1st.

Shares of Ellie Mae (ELLI) opened at $88.86 on Wednesday. Ellie Mae has a one year low of $79.71 and a one year high of $114.95. The company has a market capitalization of $3,060.00, a P/E ratio of 60.04, a P/E/G ratio of 8.27 and a beta of 0.57.

Ellie Mae (NYSE:ELLI) last released its earnings results on Thursday, February 8th. The software maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. Ellie Mae had a return on equity of 5.43% and a net margin of 12.67%. The business had revenue of $112.89 million during the quarter, compared to analysts’ expectations of $108.27 million. During the same quarter last year, the firm posted $0.46 earnings per share. The firm’s revenue was up 17.3% on a year-over-year basis. equities research analysts predict that Ellie Mae will post 0.73 earnings per share for the current fiscal year.

In related news, Director Karen Blasing sold 1,728 shares of Ellie Mae stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $100.00, for a total transaction of $172,800.00. Following the transaction, the director now owns 7,275 shares of the company’s stock, valued at $727,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jonathan Corr sold 1,131 shares of Ellie Mae stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $93.50, for a total value of $105,748.50. Following the transaction, the chief executive officer now directly owns 114,922 shares in the company, valued at approximately $10,745,207. The disclosure for this sale can be found here. Insiders sold 59,721 shares of company stock valued at $5,402,858 in the last three months. Insiders own 3.39% of the company’s stock.

A number of institutional investors have recently modified their holdings of ELLI. Advisor Group Inc. lifted its holdings in Ellie Mae by 13.2% during the second quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock worth $112,000 after acquiring an additional 118 shares during the period. Victory Capital Management Inc. bought a new stake in Ellie Mae during the third quarter worth $139,000. 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 during the period. Barings LLC bought a new stake in Ellie Mae during the fourth quarter worth $201,000. Finally, Atria Investments LLC bought a new stake in Ellie Mae during the fourth quarter worth $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.

Analyst Recommendations for Ellie Mae (NYSE:ELLI)

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