News stories about Ellie Mae (NYSE:ELLI) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ellie Mae earned a news impact score of 0.16 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 46.3801751045243 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Ellie Mae Honored as One of the Best Places to Work in 2018, a Glassdoor Employees’ Choice Award Winner (finance.yahoo.com)
- Male Home Loan Applicants Approved for More Than Women, According to October Ellie Mae Millennial Tracker™ (finance.yahoo.com)
- Ellie Mae’s Joe Tyrrell Honored with HousingWire 2017 Vanguard Award (finance.yahoo.com)
- Mortgages USA deploys Ellie Mae’s Encompass digital mortgage solution in key step to nationwide expansion (finance.yahoo.com)
- Analyzing Xactly (XTLY) and Ellie Mae (ELLI) (americanbankingnews.com)
A number of research firms recently issued reports on ELLI. KeyCorp reiterated a “buy” rating and set a $116.00 target price on shares of Ellie Mae in a research report on Sunday, November 19th. Zacks Investment Research lowered shares of Ellie Mae from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Needham & Company LLC restated a “buy” rating on shares of Ellie Mae in a research report on Sunday, October 29th. Barclays increased their target price on shares of Ellie Mae from $92.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. Finally, Royal Bank Of Canada upgraded shares of Ellie Mae from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $90.00 to $105.00 in a research report on Wednesday, October 18th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $110.71.
Ellie Mae (NYSE ELLI) opened at $88.50 on Thursday. The firm has a market capitalization of $2,982.55, a PE ratio of 68.54, a price-to-earnings-growth ratio of 7.26 and a beta of 0.28. Ellie Mae has a 52-week low of $79.71 and a 52-week high of $114.95.
Ellie Mae (NYSE:ELLI) last posted its quarterly earnings results on Thursday, October 26th. The software maker reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.13. The business had revenue of $107.00 million during the quarter, compared to the consensus estimate of $105.62 million. Ellie Mae had a return on equity of 6.39% and a net margin of 13.45%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. analysts anticipate that Ellie Mae will post 0.9 earnings per share for the current year.
In other news, CEO Jonathan Corr sold 2,211 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $83.76, for a total value of $185,193.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director A Barr Dolan sold 4,666 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $87.59, for a total value of $408,694.94. Following the completion of the sale, the director now directly owns 9,053 shares in the company, valued at $792,952.27. The disclosure for this sale can be found here. Insiders have sold a total of 37,608 shares of company stock worth $3,307,985 over the last ninety days. 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.
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