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Ellie Mae Inc (NASDAQ:ELLI) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.

Having a price of $102.24, Ellie Mae Inc (NASDAQ:ELLI) traded 1.02% higher on the day. With the last close up 13.39% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Ellie Mae Inc has recorded a 50-day average of $97.27 and a two hundred day average of $90.16. Volume of trade was down over the average, with 351,477 shares of ELLI changing hands under the typical 511,692

Zacks Investment Research has downgraded Ellie Mae Inc (NASDAQ:ELLI) to Hold in a statement released on Wednesday September 28, 2016.

On 9/27/2016, Zacks Investment Research released a statement on Ellie Mae Inc (NASDAQ:ELLI) upped the target price from $0.00 to $113.00 that suggested an upside of 0.12%.

Performance Chart

Ellie Mae Inc (NASDAQ:ELLI)

With a total market value of $0, Ellie Mae Inc has price-earnings ratio of 132.78 with a one year low of $57.88 and a one year high of $102.63 .

A total of 8 analysts have released a research note on Ellie Mae Inc. Two analysts rating the company a strong buy, five analysts rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $98.00.

More About Ellie Mae Inc (NASDAQ:ELLI)

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. Its Encompass software is an enterprise solution that handles functions involved in running the business of originating mortgages, including customer relationship management; loan processing; underwriting; preparation of application, disclosure and closing documents; funding and closing the loan for the borrower; compliance with regulatory and investor requirements, and overall enterprise management that provides one system of record. It delivers Encompass software in an on-demand Software-as-a-Service (SaaS).

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