Ellie Mae (NYSE:ELLI) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.07-0.09 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.22. The company issued revenue guidance of $107-109 million, compared to the consensus revenue estimate of $108.33 million.Ellie Mae also updated its FY18 guidance to $1.68-1.78 EPS.

Shares of Ellie Mae (NYSE:ELLI) opened at $90.53 on Friday. The stock has a market capitalization of $3,013.63, a price-to-earnings ratio of 61.17, a P/E/G ratio of 7.97 and a beta of 0.57. Ellie Mae has a 1-year low of $79.71 and a 1-year high of $114.95.

Ellie Mae (NYSE:ELLI) last posted its quarterly earnings data on Thursday, February 8th. The software maker reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The firm had revenue of $112.89 million for the quarter, compared to the consensus estimate of $108.27 million. Ellie Mae had a return on equity of 5.43% and a net margin of 12.67%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. analysts expect that Ellie Mae will post 0.73 earnings per share for the current year.

Several equities research analysts recently issued reports on ELLI shares. Zacks Investment Research downgraded Ellie Mae from a strong-buy rating to a hold rating in a report on Wednesday, November 1st. Royal Bank of Canada upgraded Ellie Mae from a sector perform rating to an outperform rating and boosted their price objective for the company from $90.00 to $105.00 in a report on Wednesday, October 18th. BidaskClub upgraded Ellie Mae from a hold rating to a buy rating in a report on Wednesday, October 18th. Barclays upgraded Ellie Mae from an equal weight rating to an overweight rating and boosted their price objective for the company from $100.00 to $114.00 in a report on Tuesday, January 9th. Finally, Compass Point started coverage on Ellie Mae in a report on Wednesday, January 3rd. They issued a sell rating and a $65.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. Ellie Mae presently has an average rating of Buy and an average target price of $105.89.

In other news, CEO Jonathan Corr sold 2,212 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $88.95, for a total value of $196,757.40. Following the transaction, the chief executive officer now owns 114,633 shares in the company, valued at approximately $10,196,605.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Gates Cathleen Schreiner sold 1,900 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $86.01, for a total value of $163,419.00. Following the completion of the transaction, the executive vice president now owns 43,149 shares in the company, valued at approximately $3,711,245.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,721 shares of company stock worth $5,402,858. 3.39% of the stock is owned by company insiders.

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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.

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