Analysts at Maxim Group increased their target price on shares of Ellie Mae (AMEX:ELLI) from $35.00 to $37.00 in a research report issued to clients and investors on Thursday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock.
Shares of Ellie Mae (AMEX:ELLI) opened at 30.62 on Thursday. Ellie Mae has a 52 week low of $18.61 and a 52 week high of $32.61. The stock has a 50-day moving average of $27.72 and a 200-day moving average of $24.27. The company has a market cap of $810.4 million and a P/E ratio of 47.11.
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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