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Ellie Mae Inc (ELLI) [hlAlert]

Rating:
Buy ELLI
up 292.68 %

Ellie Mae Inc (ELLI) rated Buy with price target $30 by Needham

Posted on: Thursday,  Aug 2, 2012  8:25 AM ET by Needham

Needham rated Buy Ellie Mae Inc (NYSE: ELLI) on 08/02/2012. Previously Needham rated Buy Ellie Mae Inc (NYSE: ELLI) on 07/11/2012.,
when the stock price was $18.86. Since then, Ellie Mae Inc has gained 292.68% as of 10/29/2015's recent price of $74.06.
If you would have followed the previous Needham's recommendation on ELLI, you would have gained 292.68% of your investment in 1205 days.

Ellie Mae, Inc. hosts an electronic mortgage origination networks in the United States. The Ellie Mae Network electronically connects approximately 55,000 mortgage professionals to the mortgage lenders, investors and service providers integral to the origination and funding of residential mortgages. For mortgage originators, the Company provides Encompass software, an operating system that handles business and management functions involved in running a mortgage origination business, and serves as a gateway to the Ellie Mae Network. The Company also offers Encompass users a variety of additional services, including Encompass Closer, which automatically prepares the disclosure and closing documents necessary to fund a mortgage, CenterWise, a bundled offering of electronic document management and Websites used for customer relationship management, and Encompass Compliance Service, its compliance service powered by Mavent Holdings Inc. In August 2011, it acquired Del Mar Datatrac, Inc.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/2/2012 8:25 AM Buy
None
23.35 30.00
as of 12/31/2012
1 Week down  -0.89 %
1 Month up  11.80 %
3 Months up  1.90 %
1 YTD up  18.84 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/11/2012 8:25 AM Buy
None
18.86 24.00

(*) Stock Price at the time of the recommendation.
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