Ellie Mae (NASDAQ: ELLI) had its target price increased by Maxim Group from $28.00 to $30.00 in a research note issued to investors on Friday. The firm currently has a buy rating on the stock.
A number of other firms have also recently commented on ELLI. Analysts at Zacks upgraded shares of Ellie Mae from a neutral rating to an outperform rating in a research note to investors on Monday, January 28th. They now have a $29.50 price target on the stock. Separately, analysts at William Blair downgraded shares of Ellie Mae from an outperform rating to a market perform rating in a research note to investors on Wednesday, January 23rd. Finally, analysts at Dougherty & Co reiterated a buy rating on shares of Ellie Mae in a research note to investors on Thursday, January 10th. They now have a $33.00 price target on the stock.
Six investment analysts have rated the stock with a buy rating, and one has assigned a hold rating to the company. The stock has a consensus rating of buy and an average target price of $34.00.
Shares of Ellie Mae traded up 0.28% during mid-day trading on Friday, hitting $21.81. Ellie Mae has a one year low of $6.83 and a one year high of $30.59. The stock’s 50-day moving average is currently $23.6. The company has a market cap of $568.3 million and a P/E ratio of 28.62.
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