Ellie Mae (ELLI) Getting Somewhat Positive Press Coverage, Analysis Shows

Headlines about Ellie Mae (NYSE:ELLI) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ellie Mae earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 46.0827213272959 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern’s scoring:

Shares of Ellie Mae (ELLI) traded down $0.34 during mid-day trading on Thursday, reaching $91.62. The company had a trading volume of 172,026 shares, compared to its average volume of 426,126. Ellie Mae has a 1-year low of $79.71 and a 1-year high of $114.95. The company has a market cap of $3,200.00, a price-to-earnings ratio of 60.68, a price-to-earnings-growth ratio of 7.75 and a beta of 0.28.

Ellie Mae (NYSE:ELLI) last issued its quarterly earnings data on Thursday, October 26th. The software maker reported $0.53 earnings per share (EPS) for the quarter, topping 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 business had revenue of $107.00 million during the quarter, compared to analyst estimates of $105.62 million. During the same period in the prior year, the company posted $0.60 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. equities research analysts forecast that Ellie Mae will post 0.9 earnings per share for the current fiscal year.

Several research firms have recently commented on ELLI. Zacks Investment Research raised Ellie Mae from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Wednesday. Royal Bank of Canada reaffirmed a “hold” rating and set a $90.00 target price on shares of Ellie Mae in a report on Tuesday, October 10th. Barclays upped their target price on Ellie Mae from $92.00 to $100.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating on shares of Ellie Mae in a report on Sunday, October 29th. Finally, KeyCorp reaffirmed a “buy” rating and set a $116.00 target price on shares of Ellie Mae in a report on Wednesday, October 4th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Ellie Mae presently has a consensus rating of “Buy” and an average price target of $110.96.

In other Ellie Mae news, EVP Gates Cathleen Schreiner sold 2,881 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $92.08, for a total value of $265,282.48. Following the completion of the sale, the executive vice president now directly owns 44,730 shares in the company, valued at $4,118,738.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jonathan Corr sold 2,211 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $83.76, for a total value of $185,193.36. The disclosure for this sale can be found here. Insiders sold a total of 46,224 shares of company stock valued at $4,077,436 over the last three months. 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.

Insider Buying and Selling by Quarter for Ellie Mae (NYSE:ELLI)

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