Ellie Mae Inc (NASDAQ:ELLI) issued its quarterly earnings results on Thursday. The company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.08. The company earned $96.20 million during the quarter, compared to the consensus estimate of $88.73 million. During the same quarter in the previous year, the business posted $0.44 EPS. The firm’s revenue for the quarter was up 48.2% on a year-over-year basis.
Ellie Mae (NASDAQ:ELLI) traded down 0.67% on Thursday, reaching $90.18. The company’s stock had a trading volume of 1,220,884 shares. Ellie Mae has a 52-week low of $59.80 and a 52-week high of $109.99. The firm has a market cap of $3.03 billion and a PE ratio of 90.82. The stock’s 50 day moving average price is $84.64 and its 200 day moving average price is $92.65.
A number of brokerages recently commented on ELLI. Pacific Crest restated an “overweight” rating on shares of Ellie Mae in a research report on Saturday, January 7th. Oppenheimer Holdings, Inc. restated an “outperform” rating on shares of Ellie Mae in a research report on Tuesday, December 20th. Royal Bank Of Canada cut Ellie Mae from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $114.00 to $90.00 in a research report on Thursday, November 17th. Zacks Investment Research cut Ellie Mae from a “hold” rating to a “sell” rating in a research report on Friday, October 14th. Finally, RBC Capital Markets cut Ellie Mae from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $114.00 to $90.00 in a research report on Thursday, November 17th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $108.30.
In other news, CEO Jonathan Corr sold 2,732 shares of the company’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $88.61, for a total transaction of $242,082.52. Following the transaction, the chief executive officer now owns 85,533 shares of the company’s stock, valued at approximately $7,579,079.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Edgar Luce sold 5,000 shares of the company’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $81.96, for a total value of $409,800.00. Following the transaction, the chief financial officer now directly owns 49,689 shares in the company, valued at approximately $4,072,510.44. The disclosure for this sale can be found here. Insiders have sold a total of 30,133 shares of company stock worth $2,523,487 in the last ninety days.
Ellie Mae Company Profile
Ellie Mae, Inc (Ellie Mae) is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Company’s Encompass all-in-one mortgage management solution provides one system of record that allows banks, credit unions, and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency.
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