Favorable Media Coverage Somewhat Unlikely to Affect Ellie Mae (ELLI) Share Price
News articles about Ellie Mae (NYSE:ELLI) have been trending positive recently, Accern reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ellie Mae earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 44.549134318926 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Buckeye Technologies : Loan Origination Systems Enhanced, Adopted (4-traders.com)
- Ellie Mae (ELLI) and Its Rivals Head-To-Head Comparison (americanbankingnews.com)
- Ellie Mae, Inc. (ELLI) CEO Sells $143,992.56 in Stock (americanbankingnews.com)
- Insider Selling: Ellie Mae, Inc. (ELLI) CEO Sells 2,212 Shares of Stock (americanbankingnews.com)
Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Ellie Mae from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 27th. Oppenheimer restated a “buy” rating and issued a $101.00 price objective on shares of Ellie Mae in a research report on Wednesday, September 13th. Royal Bank of Canada restated a “hold” rating and issued a $90.00 price objective on shares of Ellie Mae in a research report on Tuesday, October 10th. KeyCorp restated a “buy” rating and issued a $116.00 price objective on shares of Ellie Mae in a research report on Wednesday, October 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $100.00 price objective on shares of Ellie Mae in a research report on Sunday, September 3rd. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $110.71.
Ellie Mae (NYSE:ELLI) last announced its earnings results on Thursday, October 26th. The software maker reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.13. Ellie Mae had a return on equity of 6.39% and a net margin of 13.45%. The firm had revenue of $107.00 million for the quarter, compared to analyst estimates of $105.62 million. During the same quarter last year, the firm posted $0.60 EPS. The business’s revenue was up 6.6% on a year-over-year basis. equities analysts expect that Ellie Mae will post 0.9 earnings per share for the current year.
In other news, CEO Jonathan Corr sold 2,211 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $83.76, for a total transaction of $185,193.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sigmund Anderman sold 12,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $89.24, for a total value of $1,070,880.00. Following the transaction, the insider now owns 98,321 shares in the company, valued at approximately $8,774,166.04. The disclosure for this sale can be found here. Insiders have sold a total of 43,343 shares of company stock worth $3,812,154 in the last quarter. Insiders own 3.39% of the company’s stock.
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.
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