News stories about Ellie Mae (NASDAQ:ELLI) have been trending somewhat positive this week, according to Alpha One Sentiment Analysis. Alpha One, a division of Accern, identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ellie Mae earned a news impact score of 0.06 on Alpha One’s scale. Alpha One also assigned press coverage about the software maker an impact score of 78 out of 100, meaning that recent media coverage is likely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Alpha One Sentiment Analysis’s analysis:
- ELLIE MAE INC : Submission of Matters to a Vote of Security Holders (form 8-K) (4-traders.com)
- Owens-Illinois, Inc. (NYSE:OI) versus Ellie Mae, Inc. (NYSE:ELLI) – Going the Extra Mile – Geneva Journal (genevajournal.com)
- Insider Selling: Ellie Mae Inc (ELLI) EVP Sells 4,245 Shares of Stock (americanbankingnews.com)
- Inside the Numbers on Shares of Ellie Mae, Inc. (NYSE:ELLI) – Business Daily (oxfordbusinessdaily.com)
- Ellie Mae Inc (ELLI) CFO Matthew Lavay Sells 1,495 Shares (americanbankingnews.com)
Shares of Ellie Mae (NASDAQ:ELLI) traded up 1.47% during midday trading on Monday, reaching $109.58. The company’s stock had a trading volume of 215,033 shares. The stock’s 50-day moving average is $105.83 and its 200-day moving average is $93.99. Ellie Mae has a one year low of $77.60 and a one year high of $112.77. The company has a market capitalization of $3.73 billion and a P/E ratio of 82.89.
Ellie Mae (NASDAQ:ELLI) last released its quarterly earnings results on Thursday, April 27th. The software maker reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by $0.03. The firm had revenue of $93 million during the quarter, compared to analyst estimates of $93.17 million. During the same period in the prior year, the company posted $0.24 EPS. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. On average, equities analysts expect that Ellie Mae will post $1.91 earnings per share for the current fiscal year.
ELLI has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $135.00 price objective on shares of Ellie Mae in a report on Friday, February 10th. Vetr cut Ellie Mae from a “strong-buy” rating to a “buy” rating and set a $97.50 price objective for the company. in a report on Monday, February 6th. Bank of America Corp initiated coverage on Ellie Mae in a report on Monday, May 15th. They set a “buy” rating and a $130.00 price objective for the company. Zacks Investment Research upgraded Ellie Mae from a “sell” rating to a “hold” rating and set a $116.00 price objective for the company in a report on Tuesday, April 11th. Finally, Wedbush initiated coverage on Ellie Mae in a report on Monday, March 13th. They set a “neutral” rating and a $109.00 price objective for the company. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Ellie Mae has a consensus rating of “Buy” and an average target price of $106.89.
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In related news, EVP Gates Cathleen Schreiner sold 4,245 shares of Ellie Mae stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $107.90, for a total value of $458,035.50. Following the completion of the transaction, the executive vice president now directly owns 47,849 shares in the company, valued at $5,162,907.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Edgar Luce sold 4,574 shares of Ellie Mae stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $94.45, for a total value of $432,014.30. Following the completion of the transaction, the chief financial officer now owns 50,132 shares of the company’s stock, valued at $4,734,967.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 116,689 shares of company stock valued at $11,530,263.
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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