Ellie Mae (ELLI) Earns Daily News Impact Rating of 0.11

Media coverage about Ellie Mae (NYSE:ELLI) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ellie Mae earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 46.0918699088752 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news articles that may have effected Accern’s analysis:

Ellie Mae (ELLI) traded up $1.45 during mid-day trading on Wednesday, hitting $96.03. 282,199 shares of the stock traded hands, compared to its average volume of 364,066. Ellie Mae has a one year low of $79.71 and a one year high of $114.95. The firm has a market cap of $3,320.00, a PE ratio of 63.60, a PEG ratio of 12.57 and a beta of 0.29.

Ellie Mae (NYSE:ELLI) last announced its quarterly earnings data on Thursday, October 26th. The software maker reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.13. Ellie Mae had a net margin of 13.45% and a return on equity of 6.39%. The firm had revenue of $107.00 million during the quarter, compared to analysts’ expectations of $105.62 million. During the same quarter last year, the business earned $0.60 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. sell-side analysts predict that Ellie Mae will post 0.9 earnings per share for the current year.

A number of research analysts recently commented on ELLI shares. Zacks Investment Research raised shares of Ellie Mae from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Royal Bank of Canada raised shares of Ellie Mae from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $90.00 to $105.00 in a research report on Wednesday, October 18th. BidaskClub raised shares of Ellie Mae from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Compass Point started coverage on shares of Ellie Mae in a research report on Wednesday, January 3rd. They issued a “sell” rating and a $65.00 target price on the stock. Finally, KeyCorp reiterated a “buy” rating and set a $116.00 price target on shares of Ellie Mae in a research note on Sunday, November 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $108.50.

In other Ellie Mae news, CEO Jonathan Corr sold 1,131 shares of the firm’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $93.50, for a total transaction of $105,748.50. Following the completion of the transaction, the chief executive officer now directly owns 114,922 shares in the company, valued at approximately $10,745,207. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sigmund Anderman sold 12,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $89.24, for a total transaction of $1,070,880.00. Following the transaction, the insider now owns 98,321 shares of the company’s stock, valued at $8,774,166.04. The disclosure for this sale can be found here. Insiders sold 76,870 shares of company stock valued at $6,903,140 in the last quarter. Company insiders own 3.39% of the company’s stock.

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About Ellie Mae

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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