The Vetr Inc. Downgrades Ellie Mae, Inc. (ELLI) to Hold, Report finds

The Vetr Inc. Downgrades Ellie Mae, Inc. (ELLI) to Hold, Report finds

A number of other analysts have also recently issued reports on ELLI. Morgan Stanley initiated coverage on Ellie Mae in a report on Thursday, January 12th. They set an equal weight rating for the company. Royal Bank Of Canada lowered Ellie Mae from an outperform rating to a sector perform rating and cut their target price for the company from $114.00 to $90.00 in a research report on Thursday, November 17th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $94.68.

Vetr downgraded shares of Ellie Mae, Inc. (NYSE:ELLI) from a buy rating to a hold rating in a research report sent to investors on Monday morning. They currently have $97.50 target price on the stock.

Ellie Mae (NYSE:ELLI) opened at 98.29 on Monday. Ellie Mae has a 1-year low of $65.67 and a 1-year high of $109.99. The company has a 50 day moving average of $85.30 and a 200 day moving average of $92.64. The firm has a market capitalization of $3.31 billion, a PE ratio of 85.47 and a beta of 0.39.

About Ellie Mae

Ellie Mae, Inc (Ellie Mae) is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Company’s Encompass all-in-one mortgage management solution provides one system of record that allows banks, credit unions, and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency.

To view Vetr’s full report, visit Vetr’s official website.

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