Analyst Rating Update on Ellie Mae (ELLI)

Ellie Mae (ELLI) : 3 brokerage houses believe that Ellie Mae (ELLI) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Ellie Mae (ELLI). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 6 Wall Street Analysts endorse the stock as a Buy with a rating of 1.83.

Ellie Mae (ELLI) : The consensus price target for Ellie Mae (ELLI) is $113.5 for the short term with a standard deviation of $12.21. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $131, however, the pessimist price target for the company is $98.

For the current week, the company shares have a recommendation consensus of Buy.


Ellie Mae (NYSE:ELLI): The stock opened at $92.83 on Wednesday but the bulls could not build on the opening and the stock topped out at $94.46 for the day. The stock traded down to $91.84 during the day, due to lack of any buying support eventually closed down at $92.52 with a loss of -0.89% for the day. The stock had closed at $93.35 on the previous day. The total traded volume was 942,304 shares.

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 Companys Encompass mortgage management solution provides one system of record that allows banks, credit unions and mortgage lenders to originate and fund mortgages. The Encompass mortgage management solution 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 that provides one system of record. The Company delivers Encompass software in an on-demand Software-as-a-Service (SaaS). The Company also hosts the Ellie Mae Network.

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