Ellie Mae Slumps: ELLI Falls 6.2% in Session


Ellie Mae, Inc. (ELLI) saw a big move last session, as the company’s shares fell over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for ELLI, as the stock is now down nearly 13% in the past one-month time frame.

This software solutions provider company has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

Ellie Mae currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.0%.

Some better-ranked stocks in the same sector include Criteo SA (CRTO), Endurance International Group Holdings, Inc. (EIGI) and RingCentral, Inc. (RNG). All these stocks carry a Zacks Rank #2 (Buy).

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ELLIE MAE INC (ELLI): Free Stock Analysis Report

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