Ellie Mae Inc (NYSE:ELLI) shares were up 5.4% during mid-day trading on Tuesday . The company traded as high as $96.05 and last traded at $94.43. Approximately 1,163,704 shares traded hands during trading, an increase of 96% from the average daily volume of 595,067 shares. The stock had previously closed at $89.56.

A number of research analysts have issued reports on ELLI shares. Oppenheimer reissued a “buy” rating and set a $101.00 target price on shares of Ellie Mae in a research note on Wednesday, September 13th. Zacks Investment Research raised shares of Ellie Mae from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 27th. KeyCorp reaffirmed a “buy” rating and issued a $116.00 price target on shares of Ellie Mae in a research note on Wednesday, October 4th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $90.00 price target on shares of Ellie Mae in a research note on Tuesday, October 10th. Finally, BidaskClub raised shares of Ellie Mae from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $108.50.

The stock has a market capitalization of $3,220.00, a P/E ratio of 61.77, a price-to-earnings-growth ratio of 11.60 and a beta of 0.29.

Ellie Mae (NYSE:ELLI) last released its earnings results on Thursday, October 26th. The software maker reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.13. Ellie Mae had a net margin of 13.45% and a return on equity of 6.39%. The business had revenue of $107.00 million for the quarter, compared to the consensus estimate of $105.62 million. During the same period in the previous year, the firm earned $0.60 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. equities research analysts predict that Ellie Mae Inc will post 0.9 EPS for the current fiscal year.

In related news, EVP Gates Cathleen Schreiner sold 2,881 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $92.08, for a total value of $265,282.48. Following the sale, the executive vice president now directly owns 44,730 shares in the company, valued at approximately $4,118,738.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sigmund Anderman sold 18,726 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $88.80, for a total transaction of $1,662,868.80. Following the completion of the sale, the insider now owns 81,087 shares in the company, valued at $7,200,525.60. The disclosure for this sale can be found here. Insiders sold a total of 62,739 shares of company stock worth $5,555,112 over the last quarter. Insiders own 3.39% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ELLI. Advisor Group Inc. raised its holdings in shares of Ellie Mae by 13.2% during the second quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock valued at $112,000 after acquiring an additional 118 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Ellie Mae during the third quarter valued at approximately $139,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Ellie Mae by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,339 shares of the software maker’s stock valued at $147,000 after acquiring an additional 119 shares during the period. Stifel Financial Corp acquired a new stake in shares of Ellie Mae during the second quarter valued at approximately $270,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Ellie Mae during the second quarter valued at approximately $307,000.

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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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