Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Ellie Mae (ELLI) Stock Price
Media stories about Ellie Mae (NYSE:ELLI) have trended somewhat positive on Saturday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ellie Mae earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 46.2789982426447 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Lender Internet News; Vendors Partnering (mortgagenewsdaily.com)
- Zacks: Brokerages Anticipate Ellie Mae, Inc. (ELLI) Will Announce Quarterly Sales of $108.43 Million (americanbankingnews.com)
- Sigmund Anderman Sells 7,920 Shares of Ellie Mae, Inc. (ELLI) Stock (americanbankingnews.com)
- Contrasting Ellie Mae (ELLI) and Its Peers (americanbankingnews.com)
- Zacks: Analysts Expect Ellie Mae, Inc. (ELLI) to Post $0.24 Earnings Per Share (americanbankingnews.com)
A number of research firms have recently issued reports on ELLI. KeyCorp restated a “buy” rating and issued a $116.00 price target on shares of Ellie Mae in a research report on Sunday, November 19th. Zacks Investment Research downgraded shares of Ellie Mae from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Needham & Company LLC restated a “buy” rating on shares of Ellie Mae in a research report on Sunday, October 29th. Barclays PLC raised their price target on shares of Ellie Mae from $92.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. Finally, Royal Bank Of Canada upgraded shares of Ellie Mae from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $90.00 to $105.00 in a research report on Wednesday, October 18th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $110.71.
Ellie Mae (NYSE ELLI) traded up $0.90 during trading on Friday, hitting $88.97. 85,164 shares of the stock were exchanged, compared to its average volume of 466,546. Ellie Mae has a one year low of $77.60 and a one year high of $114.95. The company has a market cap of $3,041.61, a P/E ratio of 69.90, a P/E/G ratio of 7.40 and a beta of 0.30.
Ellie Mae (NYSE:ELLI) last released its quarterly earnings data on Thursday, October 26th. The software maker reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 analysts’ expectations of $105.62 million. During the same quarter last year, the company earned $0.60 EPS. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. sell-side analysts expect that Ellie Mae will post 0.9 earnings per share for the current fiscal year.
In related news, EVP Joseph P. Tyrrell sold 8,600 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $88.10, for a total value of $757,660.00. Following the sale, the executive vice president now owns 39,783 shares of the company’s stock, valued at approximately $3,504,882.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Sigmund Anderman sold 12,000 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $89.24, for a total transaction of $1,070,880.00. Following the completion of the sale, the insider now directly owns 98,321 shares in the company, valued at approximately $8,774,166.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,116 shares of company stock worth $3,602,614. Corporate insiders own 3.39% of the company’s stock.
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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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