Ellie Mae (NASDAQ: ELLI) had its price target upped by Feltl & Co. from $32.00 to $34.00 in a research report sent to investors on Thursday morning. The firm currently has a buy rating on the stock.
ELLI has been the subject of a number of other recent research reports. Analysts at Wunderlich raised their price target on shares of Ellie Mae from $27.00 to $39.00 in a research note to investors on Thursday. They now have a buy rating on the stock. Separately, analysts at BWS Financial initiated coverage on shares of Ellie Mae in a research note to investors on Thursday, October 18th. They set a sell rating and a $16.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Ellie Mae from $23.00 to $32.00 in a research note to investors on Friday, September 14th. They now have an outperform rating on the stock.
Ellie Mae opened at 25.00 on Thursday. Ellie Mae has a 1-year low of $4.98 and a 1-year high of $30.40. The company has a market cap of $629.8 million and a price-to-earnings ratio of 50.71.
Ellie Mae last released its earnings data on Wednesday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.15. The company’s revenue for the quarter was up 87.1% on a year-over-year basis. Analysts expect that Ellie Mae will post $0.76 EPS for the current fiscal year.
Ellie Mae, Inc. hosts an electronic mortgage origination networks in the United States. The Ellie Mae Network electronically connects approximately 55,000 mortgage professionals to the mortgage lenders, investors and service providers integral to the origination and funding of residential mortgages.