Key Professional Analysts at KeyBanc Kept the Same their ‘Overweight’ rating for Ellie Mae (NYSE:ELLI) Shares Today. Their TP Given is $135

July 27, 2018 - By Jason Dias

Ellie Mae, Inc. (NYSE:ELLI) Logo

Investors sentiment decreased to 0.85 in 2018 Q1. Its down 0.14, from 0.99 in 2017Q4. It dropped, as 23 investors sold Ellie Mae, Inc. shares while 66 reduced holdings. 25 funds opened positions while 51 raised stakes. 37.21 million shares or 1.96% less from 37.95 million shares in 2017Q4 were reported.

Moreover, Pnc Gp has 0% invested in Ellie Mae, Inc. (NYSE:ELLI). Stratos Wealth Ptnrs Ltd owns 0% invested in Ellie Mae, Inc. (NYSE:ELLI) for 36 shares. Moreover, Jericho Capital Asset Mgmt Lp has 3.65% invested in Ellie Mae, Inc. (NYSE:ELLI). Grp Inc One Trading Lp owns 322 shares or 0% of their US portfolio. Rgm Capital Ltd Limited Liability Company, Florida-based fund reported 12,504 shares. Virtu Limited Liability Co has invested 0.01% in Ellie Mae, Inc. (NYSE:ELLI). Goldman Sachs Inc owns 85,486 shares or 0% of their US portfolio. Diker Limited Liability Com invested in 0.58% or 18,838 shares. Sei Invests reported 0% in Ellie Mae, Inc. (NYSE:ELLI). Prescott Grp Cap Management Limited owns 20,421 shares or 0.41% of their US portfolio. Qs Investors Ltd Liability Com owns 500 shares or 0% of their US portfolio. 1.12M were reported by Sylebra Hk Co. Mirador Cap Prtn Lp has invested 1.52% in Ellie Mae, Inc. (NYSE:ELLI). Brown Advisory holds 0% in Ellie Mae, Inc. (NYSE:ELLI) or 5,430 shares. Captrust Fin Advsrs owns 578 shares for 0% of their portfolio.

Since February 15, 2018, it had 0 insider purchases, and 49 insider sales for $12.11 million activity. Another trade for 589 shares valued at $55,566 was made by Corr Jonathan on Wednesday, April 11. On Monday, April 2 Anderman Sigmund sold $21,992 worth of Ellie Mae, Inc. (NYSE:ELLI) or 239 shares. 163 Ellie Mae, Inc. (NYSE:ELLI) shares with value of $15,697 were sold by LaVay Matthew. $516,539 worth of Ellie Mae, Inc. (NYSE:ELLI) was sold by BUCCELLATO CARL on Monday, March 26. $257,886 worth of stock was sold by SPENCER JEB S. on Tuesday, May 29. Another trade for 372 shares valued at $38,100 was sold by BROWN BRIAN E..

Ellie Mae (NYSE:ELLI) Rating Reaffirmed

KeyBanc now has a $135 TP on shares of Ellie Mae (NYSE:ELLI). The TP means a potential upside of 23.55 % from the previous stock close of Ellie Mae (NYSE:ELLI). This rating was revealed to clients and investors in a research report on 27 July.

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

Among 11 analysts covering Ellie Mae (NYSE:ELLI), 3 have Buy rating, 2 Sell and 6 Hold. Therefore 27% are positive. Ellie Mae has $12500 highest and $6000 lowest target. $105.70’s average target is -3.27% below currents $109.27 stock price. Ellie Mae had 12 analyst reports since January 30, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, January 31 by RBC Capital Markets. The rating was maintained by Morgan Stanley on Tuesday, January 30 with “Equal-Weight”. Wedbush downgraded the shares of ELLI in report on Thursday, April 12 to “Underperform” rating. The firm has “Buy” rating by Bank of America given on Friday, February 9. As per Monday, February 5, the company rating was maintained by KeyBanc Capital Markets. The company was maintained on Friday, February 9 by Stephens. Bank of America downgraded the stock to “Neutral” rating in Monday, April 16 report. The company was maintained on Friday, April 27 by Compass Point. Needham maintained the stock with “Buy” rating in Friday, February 9 report. On Thursday, June 21 the stock rating was downgraded by J.P. Morgan to “Hold”.

The stock decreased 0.25% or $0.27 during the last trading session, reaching $109.27. About 1.06 million shares traded or 111.15% up from the average. Ellie Mae, Inc. (NYSE:ELLI) has declined 4.44% since July 27, 2017 and is downtrending. It has underperformed by 17.01% 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 $3.75 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 85.97 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.

Another recent and important Ellie Mae, Inc. (NYSE:ELLI) news was published by Benzinga.com which published an article titled: “A Preview Of Ellie Mae’s Earnings” on July 26, 2018.

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

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