Ellie Mae (AMEX:ELLI) was downgraded by JMP Securities from a “market outperform” rating to a “market perform” rating in a research note issued on Wednesday, AnalystRatings.NET reports.
Ellie Mae (AMEX:ELLI) traded down 2.17% on Wednesday, hitting $29.2401. The stock had a trading volume of 347,444 shares. Ellie Mae has a 52 week low of $18.61 and a 52 week high of $33.24. The stock has a 50-day moving average of $30.90 and a 200-day moving average of $26.25. The company has a market cap of $773.9 million and a price-to-earnings ratio of 45.98.
A number of other analysts have also recently weighed in on ELLI. Analysts at FBR Capital Markets raised their price target on shares of Ellie Mae from $35.00 to $37.00 in a research note to investors on Monday, September 23rd. They now have an “outperform” rating on the stock. Analysts at Maxim Group raised their price target on shares of Ellie Mae from $35.00 to $37.00 in a research note to investors on Thursday, September 5th. They now have a “buy” rating on the stock.
Ellie Mae, Inc is a provider of on-demand automation solutions for the mortgage industry. The Company offers an end-to-end solution, delivered using a Software-as-a-Service model that serves as the core operating system for mortgage originators and spans customer relationship management, loan origination and business management.
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