$0.23 EPS Expected for Ellie Mae Inc (ELLI)

October 10, 2017 - By Ellis Scott

 $0.23 EPS Expected for Ellie Mae Inc (ELLI)
Investors sentiment increased to 1.02 in Q2 2017. Its up 0.25, from 0.77 in 2017Q1. It is positive, as 25 investors sold Ellie Mae Inc shares while 65 reduced holdings. 25 funds opened positions while 67 raised stakes. 34.18 million shares or 0.12% less from 34.22 million shares in 2017Q1 were reported.
Yorktown Mngmt & Inc stated it has 3,500 shares or 0.12% of all its holdings. Renaissance Limited Liability holds 0.01% or 59,900 shares. Citadel Advsr Limited Liability holds 2,722 shares. Geode Cap Mgmt Limited Liability reported 268,964 shares stake. Principal Fincl Gp owns 25,645 shares for 0% of their portfolio. Amer Gp, a New York-based fund reported 21,006 shares. Trexquant Investment Lp accumulated 0.07% or 2,390 shares. 104,329 were accumulated by Summit Creek Limited Liability. Whale Rock Cap Mgmt Llc has 6.92% invested in Ellie Mae Inc (NYSE:ELLI) for 900,559 shares. Driehaus Mgmt Ltd Com reported 0.29% of its portfolio in Ellie Mae Inc (NYSE:ELLI). Scout Investments Inc stated it has 120,229 shares or 0.38% of all its holdings. Wasatch Advsr stated it has 0.04% of its portfolio in Ellie Mae Inc (NYSE:ELLI). Neuberger Berman Group Incorporated Ltd Liability Com holds 0% or 15,747 shares in its portfolio. Evercore Wealth Management Limited Liability invested in 121 shares. Prudential Inc has invested 0% in Ellie Mae Inc (NYSE:ELLI).

Since April 7, 2017, it had 0 buys, and 15 sales for $3.38 million activity. $132,593 worth of Ellie Mae Inc (NYSE:ELLI) was sold by BLASING KAREN on Friday, May 26. Shares for $265,342 were sold by Davis Craig. On Monday, May 8 the insider Corr Jonathan sold $235,096. 1,400 shares valued at $153,612 were sold by Levinson Marina on Friday, May 26. DOLAN A BARR also sold $132,550 worth of Ellie Mae Inc (NYSE:ELLI) on Friday, May 26. 966 shares were sold by LEVIN ROBERT J, worth $106,003.

Investors wait Ellie Mae Inc (NYSE:ELLI) to report on October, 26. its quarterly earnings Wall Street analysts expect $0.23 EPS, down $0.22 or 48.89 % from last year’s $0.45 same quarter earnings. This translates into $7.90 million profit for ELLI giving the stock a 91.16 P/E. This is assuming the current $0.23 EPS is accurate. Ellie Mae Inc’s Wall Street analysts see -55.77 % negative EPS growth, taking into account the $0.52 EPS reproted in the previous quarter, The stock increased 0.18% or $0.15 during the last trading session, reaching $83.87. About 321,827 shares traded. Ellie Mae Inc (NYSE:ELLI) has risen 37.10% since October 10, 2016 and is uptrending. It has outperformed by 20.40% the S&P500.

Ellie Mae Inc (NYSE:ELLI) Ratings Coverage

Among 16 analysts covering Elli Mae (NYSE:ELLI), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. Elli Mae had 41 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Ellie Mae Inc (NYSE:ELLI) has “Outperform” rating given on Thursday, July 23 by RBC Capital Markets. FBR Capital maintained it with “Mkt Perform” rating and $80 target in Friday, July 31 report. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, January 12. The firm has “Outperform” rating given on Friday, February 12 by RBC Capital Markets. Oppenheimer maintained the shares of ELLI in report on Tuesday, July 25 with “Buy” rating. The firm has “Outperform” rating by Oppenheimer given on Thursday, October 29. TH Capital maintained the shares of ELLI in report on Friday, July 31 with “Buy” rating. The company was maintained on Monday, August 14 by Needham. Barclays Capital maintained the stock with “Overweight” rating in Thursday, October 29 report. RBC Capital Markets maintained it with “Hold” rating and $90.0 target in Sunday, September 3 report.

Ellie Mae, Inc. is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The company has market cap of $2.88 billion. Banks, credit unions, mortgage lenders and mortgage brokers use the Company’s Encompass mortgage management solution to originate and fund mortgages. It has a 55.32 P/E ratio. 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.

More notable recent Ellie Mae Inc (NYSE:ELLI) news were published by: Seekingalpha.com which released: “Ellie Mae: Don’t Forget Your Dose Of SaaS” on May 31, 2017, also Marketwatch.com with their article: “Ellie Mae to buy Velocify for $128 million in cash” published on August 31, 2017, Seekingalpha.com published: “Ellie Mae: Dip-Buying Opportunity” on August 18, 2017. More interesting news about Ellie Mae Inc (NYSE:ELLI) were released by: Prnewswire.com and their article: “Harwood Feffer LLP Announces Investigation of Ellie Mae, Inc.” published on August 28, 2017 as well as Seekingalpha.com‘s news article titled: “Ellie Mae (ELLI) Q1 2017 Results - Earnings Call Transcript” with publication date: April 28, 2017.

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