Are Analysts Bullish about Ellie Mae, Inc. (NYSE:ELLI) after last week?

Ellie Mae, Inc. (NYSE:ELLI) Logo
Investors sentiment decreased to 1.09 in 2018 Q4. Its down 0.66, from 1.75 in 2018Q3. It dived, as 34 investors sold Ellie Mae, Inc. shares while 45 reduced holdings. 24 funds opened positions while 62 raised stakes. 41.52 million shares or 3.39% more from 40.16 million shares in 2018Q3 were reported.
Morgan Stanley owns 262,090 shares or 0% of their US portfolio. Quantitative Investment Management accumulated 11,100 shares. Tudor Invest Corp Et Al has invested 0.01% in Ellie Mae, Inc. (NYSE:ELLI). Harris Assoc Limited Partnership reported 106,000 shares. 733,912 were accumulated by State Common Retirement Fund. Park West Asset Management Ltd owns 0.16% invested in Ellie Mae, Inc. (NYSE:ELLI) for 53,012 shares. Moreover, Us Comml Bank De has 0.01% invested in Ellie Mae, Inc. (NYSE:ELLI) for 30,646 shares. Rhumbline Advisers holds 0.01% or 47,748 shares in its portfolio. Fmr Limited Com reported 0% stake. Jane Street Gp Ltd Liability Corp reported 0% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI). Tiverton Asset Management Ltd Liability Corporation has 0% invested in Ellie Mae, Inc. (NYSE:ELLI). Cibc Bankshares Usa owns 5,225 shares. Polen Mgmt Limited Com accumulated 8,201 shares. Sg Americas Secs Limited Liability Co has 17,436 shares. Invesco Limited reported 0% in Ellie Mae, Inc. (NYSE:ELLI).

Since December 28, 2018, it had 0 insider purchases, and 3 sales for $4.41 million activity. $3.70M worth of stock was sold by Anderman Sigmund on Monday, February 4.

Ellie Mae, Inc. (NYSE:ELLI) Ratings Coverage

Among 2 analysts covering Ellie Mae Inc (NYSE:ELLI), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Ellie Mae Inc had 4 analyst reports since November 29, 2018 according to SRatingsIntel. The stock of Ellie Mae, Inc. (NYSE:ELLI) earned “Neutral” rating by Susquehanna on Wednesday, February 13. As per Thursday, November 29, the company rating was initiated by Susquehanna. Below is a list of Ellie Mae, Inc. (NYSE:ELLI) latest ratings and price target changes.

04/04/2019 Broker: BidaskScore Rating: Sell Downgrade
15/02/2019 Broker: Morgan Stanley Rating: Hold New Target: $95
13/02/2019 Broker: Susquehanna Old Rating: Negative New Rating: Neutral Old Target: $53 New Target: $99 Upgrade
29/11/2018 Broker: Susquehanna Rating: Sell New Target: $53.0000 Initiate

It closed at $98.99 lastly. It is up 12.94% since May 8, 2018 and is uptrending. It has outperformed by 8.57% the S&P500.

Ellie Mae, Inc. provides on-demand software solutions and services for the residential mortgage industry in the United States. The company has market cap of $3.47 billion. The firm provides Encompass, a proprietary software solution that combines loan origination and enterprise management software for mortgage originators into a system, as well as access to investors, lenders, and service providers on the Ellie Mae Network. It has a 157.13 P/E ratio. The Company’s Encompass solutions and services comprise Ellie Mae Total Quality Loan Program that offers fraud detection, valuation, validation, and risk analysis services; Encompass CenterWise, Encompass Compliance Service, and Encompass Docs Solution as integrated components; Encompass Docs Solution, a disclosure and closing document preparation solution; and Encompass Compliance Service to analyze mortgage loan data for compliance with consumer protection laws and institutionally mandated compliance policies.

More notable recent Ellie Mae, Inc. (NYSE:ELLI) news were published by: Fool.com which released: “Why Under Armour, Ellie Mae, and Coty Jumped Today – Motley Fool” on February 12, 2019, also Fool.com with their article: “Why Ellie Mae Stock Surged 20.6% in January – Motley Fool” published on February 11, 2019, Seekingalpha.com published: “Ellie Mae, A Market Leader Trading At A Discount – Seeking Alpha” on November 06, 2018. More interesting news about Ellie Mae, Inc. (NYSE:ELLI) were released by: Seekingalpha.com and their article: “Ellie Mae +9.5% on exploring a sale – report – Seeking Alpha” published on February 04, 2019 as well as Finance.Yahoo.com‘s news article titled: “Here’s What Hedge Funds Think About Shenandoah Telecommunications Company (SHEN) – Yahoo Finance” with publication date: May 01, 2019.

Ellie Mae, Inc. (NYSE:ELLI) Institutional Positions Chart

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