The stock of Ellie Mae Inc (NYSE:ELLI) is a huge mover today! About 177,573 shares traded hands. Ellie Mae Inc (NYSE:ELLI) has risen 21.32% since March 15, 2016 and is uptrending. It has outperformed by 15.83% the S&P500.
The move comes after 8 months positive chart setup for the $3.36B company. It was reported on Oct, 18 by Barchart.com. We have $152.41 PT which if reached, will make NYSE:ELLI worth $1.65B more.
Analysts await Ellie Mae Inc (NYSE:ELLI) to report earnings on October, 26. They expect $0.35 earnings per share, up 45.83% or $0.11 from last year’s $0.24 per share. ELLI’s profit will be $11.50 million for 73.06 P/E if the $0.35 EPS becomes a reality. After $0.39 actual earnings per share reported by Ellie Mae Inc for the previous quarter, Wall Street now forecasts -10.26% negative EPS growth.
Ellie Mae Inc (NYSE:ELLI) Ratings Coverage
Out of 11 analysts covering Elli Mae (NYSE:ELLI), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. Elli Mae has been the topic of 24 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Barclays Capital maintained Ellie Mae Inc (NYSE:ELLI) on Friday, July 29 with “Equal Weight” rating. As per Friday, July 31, the company rating was maintained by FBR Capital. The rating was maintained by Needham on Friday, July 31 with “Buy”. The stock of Ellie Mae Inc (NYSE:ELLI) has “Mkt Perform” rating given on Friday, February 12 by FBR Capital. As per Thursday, October 29, the company rating was maintained by Barclays Capital. The company was initiated on Tuesday, September 6 by Pacific Crest. The company was initiated on Friday, September 9 by JP Morgan. RBC Capital Markets maintained the shares of ELLI in a report on Friday, April 29 with “Outperform” rating. The rating was maintained by RBC Capital Markets on Friday, October 23 with “Outperform”. RBC Capital Markets maintained Ellie Mae Inc (NYSE:ELLI) rating on Thursday, July 23. RBC Capital Markets has “Outperform” rating and $85 price target.
According to Zacks Investment Research, “Ellie Mae, Inc. operates electronic mortgage origination networks in the United States. The Company’s 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.”
Insitutional Activity: The institutional sentiment decreased to 1.04 in Q2 2016. Its down 0.03, from 1.07 in 2016Q1. The ratio dropped, as 26 funds sold all Ellie Mae Inc shares owned while 69 reduced positions. 32 funds bought stakes while 67 increased positions. They now own 31.09 million shares or 5.73% more from 29.41 million shares in 2016Q1.
Baillie Gifford Com has invested 0.01% of its portfolio in Ellie Mae Inc (NYSE:ELLI). Moreover, Sei Invs has 0.05% invested in Ellie Mae Inc (NYSE:ELLI) for 82,865 shares. The Ohio-based Victory Mgmt has invested 0% in Ellie Mae Inc (NYSE:ELLI). The Florida-based Finemark National Bank has invested 0% in Ellie Mae Inc (NYSE:ELLI). Wells Fargo Mn owns 115,797 shares or 0% of their US portfolio. Cubist Systematic Strategies Limited last reported 0.03% of its portfolio in the stock. Fifth Third National Bank has 0% invested in the company for 1,191 shares. The Minnesota-based Ameriprise Financial has invested 0% in Ellie Mae Inc (NYSE:ELLI). Mackenzie holds 8,302 shares or 0% of its portfolio. Tekne Capital Ltd Liability Corporation, a New York-based fund reported 197,122 shares. Franklin Res has invested 0.02% of its portfolio in Ellie Mae Inc (NYSE:ELLI). Northern Tru holds 526,930 shares or 0.02% of its portfolio. Jpmorgan Chase & accumulated 0% or 136 shares. Zacks Invest Mgmt holds 8,104 shares or 0.02% of its portfolio. Aqr Capital Llc accumulated 39,763 shares or 0.01% of the stock.
Insider Transactions: Since May 2, 2016, the stock had 0 insider purchases, and 27 sales for $19.86 million net activity. Luce Edgar sold $485,208 worth of stock. HU LIMIN had sold 5,000 shares worth $513,757 on Monday, October 10. BROWN BRIAN E. had sold 137 shares worth $13,248 on Thursday, September 1. Shares for $5.32 million were sold by Anderman Sigmund on Tuesday, August 9. Shares for $295,228 were sold by Corr Jonathan. SCHREINER GATES CATHLEEN also sold $62,293 worth of Ellie Mae Inc (NYSE:ELLI) on Monday, August 1. Levinson Marina also sold $231,456 worth of Ellie Mae Inc (NYSE:ELLI) on Tuesday, August 23.
More important recent Ellie Mae Inc (NYSE:ELLI) news were published by: Investorplace.com which released: “Best Stocks of 2016: Ellie Mae Inc (ELLI) Stock Leads the Charge” on October 14, 2016, also Profitconfidential.com published article titled: “Ellie Mae Inc: Housing Recovery Could Be Big Boost for ELLI Stock”, Fool.com published: “Small Cap Low-Risk Pick No. 3: Ellie Mae Inc.” on April 08, 2016. More interesting news about Ellie Mae Inc (NYSE:ELLI) was released by: Businesswire.com and their article: “Ellie Mae, Inc. Announces Pricing of Follow-on Offering of Common Stock” with publication date: August 01, 2016.
ELLI Company Profile
Ellie Mae, Inc. (Ellie Mae), incorporated on October 14, 2009, is a well-known 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.
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