It’s been a crucial week for Ellie Mae, Inc. (NYSE:ELLI); here’s what analysts have to say.

April 23, 2018 - By Marry Poplack

Ellie Mae, Inc. (NYSE:ELLI) LogoInvestors sentiment increased to 0.99 in Q4 2017. Its up 0.05, from 0.94 in 2017Q3. It increased, as 23 investors sold Ellie Mae, Inc. shares while 62 reduced holdings. 32 funds opened positions while 52 raised stakes. 37.95 million shares or 7.38% more from 35.35 million shares in 2017Q3 were reported.
Jpmorgan Chase And Company reported 0% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI). Bnp Paribas Arbitrage Sa holds 7,066 shares. Natixis has 0.08% invested in Ellie Mae, Inc. (NYSE:ELLI) for 110,996 shares. Price T Rowe Assoc Md invested 0.07% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI). Carroll Fin Associates invested in 66 shares or 0% of the stock. Harris Assocs Lp reported 12,485 shares stake. Millennium Management Lc owns 5,938 shares. Manufacturers Life Insurance The owns 25,563 shares or 0% of their US portfolio. Commercial Bank Of America De stated it has 102,593 shares. Pnc Financial Svcs Group holds 9,577 shares or 0% of its portfolio. Ubs Asset Mgmt Americas owns 124,975 shares for 0.01% of their portfolio. Royal Bank & Trust Of Canada has invested 0% in Ellie Mae, Inc. (NYSE:ELLI). Bankshares Of Ny Mellon has 175,241 shares for 0% of their portfolio. Ledyard Bancorp holds 0% or 100 shares in its portfolio. 1,037 were reported by Sei.

Since December 7, 2017, it had 0 insider purchases, and 33 selling transactions for $9.54 million activity. On Monday, April 2 the insider BROWN BRIAN E. sold $42,757. Shares for $516,539 were sold by BUCCELLATO CARL. The insider Anderman Sigmund sold 18,726 shares worth $1.66M. Shares for $206,387 were sold by HIRSCH PETER on Wednesday, February 21. BLASING KAREN sold 1,728 shares worth $172,800. The insider TYRRELL JOSEPH P. sold 3,450 shares worth $315,804.

Ellie Mae, Inc. (NYSE:ELLI) Ratings Coverage

Among 10 analysts covering Ellie Mae (NYSE:ELLI), 4 have Buy rating, 2 Sell and 4 Hold. Therefore 40% are positive. Ellie Mae has $118 highest and $65 lowest target. $102.11’s average target is 13.90% above currents $89.65 stock price. Ellie Mae had 14 analyst reports since October 27, 2017 according to SRatingsIntel. KeyBanc Capital Markets maintained the shares of ELLI in report on Sunday, November 19 with “Buy” rating. Needham maintained the stock with “Buy” rating in Friday, February 9 report. The rating was maintained by Stephens on Friday, February 9 with “Hold”. Barclays Capital maintained Ellie Mae, Inc. (NYSE:ELLI) rating on Friday, October 27. Barclays Capital has “Equal-Weight” rating and $100 target. The stock has “Overweight” rating by KeyBanc Capital Markets on Monday, February 5. RBC Capital Markets maintained Ellie Mae, Inc. (NYSE:ELLI) on Wednesday, January 31 with “Buy” rating. The firm earned “Neutral” rating on Monday, April 16 by Bank of America. The rating was downgraded by Wedbush on Thursday, April 12 to “Underperform”. Zelman upgraded the shares of ELLI in report on Friday, April 20 to “Hold” rating. The firm has “Overweight” rating given on Tuesday, January 9 by Barclays Capital. Below is a list of Ellie Mae, Inc. (NYSE:ELLI) latest ratings and price target changes.

20/04/2018 Broker: Zelman Old Rating: Sell New Rating: Hold Upgrade
16/04/2018 Broker: Bank of America Old Rating: Buy New Rating: Neutral Old Target: $110 Downgrade
12/04/2018 Broker: Wedbush Old Rating: Neutral New Rating: Underperform Old Target: $109 Downgrade
09/02/2018 Broker: Stephens Rating: Hold New Target: $92.0 Maintain
09/02/2018 Broker: Needham Rating: Buy New Target: $110.0 Maintain
09/02/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $115 New Target: $110 Maintain
05/02/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $116 New Target: $118 Maintain
31/01/2018 Broker: RBC Capital Markets Rating: Buy New Target: $106.0 Maintain
30/01/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $101 New Target: $109 Maintain
09/01/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Overweight Old Target: $100 Upgrade

The stock decreased 1.05% or $0.95 during the last trading session, reaching $89.65. About 541,847 shares traded or 16.37% up from the average. Ellie Mae, Inc. (NYSE:ELLI) has declined 6.50% since April 23, 2017 and is downtrending. It has underperformed by 18.05% the S&P500.

Ellie Mae, Inc. provides on-demand software solutions and services for the residential mortgage industry in the United States. The company has market cap of $3.08 billion. The firm provides Encompass, a proprietary software solution that combines loan origination and enterprise management software for mortgage originators into a system, as well as access to investors, lenders, and service providers on the Ellie Mae Network. It has a 60.57 P/E ratio. The Company’s Encompass solutions and services comprise Ellie Mae Total Quality Loan Program that offers fraud detection, valuation, validation, and risk analysis services; Encompass CenterWise, Encompass Compliance Service, and Encompass Docs Solution as integrated components; Encompass Docs Solution, a disclosure and closing document preparation solution; and Encompass Compliance Service to analyze mortgage loan data for compliance with consumer protection laws and institutionally mandated compliance policies.

Ellie Mae, Inc. (NYSE:ELLI) Institutional Positions Chart

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