Ellie Mae (NASDAQ:ELLI) Earning Somewhat Favorable News Coverage, Analysis Shows

News coverage about Ellie Mae (NASDAQ:ELLI) has trended somewhat positive recently, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ellie Mae earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 45.5224948493273 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment’s analysis:

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Ellie Mae from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a report on Monday, July 3rd. BidaskClub cut shares of Ellie Mae from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. ValuEngine cut shares of Ellie Mae from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Royal Bank Of Canada lowered their price target on shares of Ellie Mae from $111.00 to $96.00 and set a “sector perform” rating on the stock in a report on Monday, April 24th. Finally, Bank of America Corporation assumed coverage on shares of Ellie Mae in a report on Monday, May 15th. They issued a “buy” rating and a $130.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $116.54.

Ellie Mae (NASDAQ:ELLI) traded up 0.89% on Friday, reaching $83.98. 456,540 shares of the company were exchanged. The firm has a 50-day moving average of $103.02 and a 200 day moving average of $101.98. Ellie Mae has a 12-month low of $77.60 and a 12-month high of $114.95. The firm has a market capitalization of $2.89 billion and a P/E ratio of 55.69.

Ellie Mae (NASDAQ:ELLI) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.16. Ellie Mae had a net margin of 18.08% and a return on equity of 10.74%. The company had revenue of $104.10 million during the quarter, compared to analyst estimates of $110.69 million. During the same quarter last year, the business posted $0.64 EPS. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities analysts predict that Ellie Mae will post $1.49 earnings per share for the current year.

In other news, insider Sigmund Anderman sold 12,253 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $111.31, for a total value of $1,363,881.43. Following the completion of the sale, the insider now owns 105,167 shares in the company, valued at approximately $11,706,138.77. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Karen Blasing sold 414 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $112.40, for a total transaction of $46,533.60. Following the completion of the sale, the director now owns 5,547 shares of the company’s stock, valued at approximately $623,482.80. The disclosure for this sale can be found here. Insiders have sold a total of 65,516 shares of company stock valued at $7,083,087 in the last quarter.

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Ellie Mae Company Profile

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.

Insider Buying and Selling by Quarter for Ellie Mae (NASDAQ:ELLI)

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