Fundamental and Technical Insights on Ellie Mae Inc (NYSE:ELLI)

Ellie Mae Inc (NYSE:ELLI) (TREND ANALYSIS) shares were traded with a significant increase in volume. The stock closed last trading session at $72.98, down by -3.47%, with a volume of 910,315 shares against an average volume for the last 3 months of 514,483.

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Ellie Mae Inc (NYSE:ELLI) stock is currently trading 11.99% below its 52-week-high, 94.87% above its 52-week-low. The 1-year stock price history is in the range of $37.45 – $82.92. Ellie Mae Inc (ELLI) has a price to earnings ratio of 102.79 versus Technology sector average of 20.45. ELLI stock price has outperformed the S&P 500 by 78.4%. The Diversified Finan Services company is currently valued at $2.17 billion and its share price closed the last trading session at $72.98. The stock has a 50-day moving average of $70.09 and a 200-day moving average of $68.9.

Ellie Mae Inc (ELLI) current short interest stands at 1.85 million shares. It has decreased by 19% from the same period of last month. Around 7% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.87 million shares, the number of days required to cover the short positions stand at 2.2 days.

ELLI reported last quarter earnings on October 28. The Diversified Finan Services company announced earnings per share of $0.24 against a consensus Street estimate of $0.13, beating the average estimate by $0.11. This corresponds to an increase of $0.08 compared to the same quarter of the previous fiscal year.

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There are currently nine analysts that cover Ellie Mae Inc stock. Of those nine, six have a Buy rating, three have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $83.5.

A recent analyst activity consisted of JMP Securities reiterating their Market Outperform stance on October 29. JMP Securities increased their price target on ELLI from $80 to $83. This corresponds to a 13.73% upside from the last closing price. On the date of report, the stock closed at $75.6.

Barclays reiterated their Overweight stance on the same day, and increased their price target on ELLI stock from $85 to $86. This corresponds to a 17.84% upside from the last closing price. On the date of report, the stock closed at $75.6.

Ellie Mae Inc (ELLI) has no debt. The Application & Software sector debt to equity ratio average stands at 81.5%. The company has a current ratio of 3.01. This ratio should be higher than one (ideally two) and is an indicator to show if the company is able to finance its short term obligations. Indeed it should have higher short term assets to dispose in order to cover for its short term liabilities.

Company profile

Ellie Mae, Inc. provides electronic mortgage origination in the United States. The Company provides network and technology solutions which help streamline and automate the mortgage origination process. Ellie Mae’s network connects mortgage professionals to mortgage lenders, investors, and service providers.

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