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Enter Symbol:
Ellie Mae Inc (ELLI) [hlAlert]

down 65.13 %

Ellie Mae Inc (ELLI) rated Sell with price target $16 by BWS Financial

Posted on: Thursday,  Oct 18, 2012  9:25 AM ET by BWS Financial

BWS Financial rated Sell Ellie Mae Inc (NYSE: ELLI) on 10/18/2012, when the stock price was $25.82. Since
then, Ellie Mae Inc has gained 186.83% as of 10/29/2015's recent price of $74.06.
If you would have followed this BWS Financial's recommendation on ELLI, you would have lost 65.13% of your investment in 1106 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.

· BWS Financial is a Los Angeles based independent stock research firm, which focuses primarily on undervalued companies with little or no street coverage, within the biotechnology, healthcare and technology industries. · BWS Financial focuses on companies that hold much potential in their industries, either through their product pipeline or technological innovations. · BWS Financial’s strategy is not to only specialize in a particular group of stocks, but to also provide investors with insight into other ideas where there is considerable misvaluation.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/18/2012 9:25 AM Sell
25.82 16.00
as of 12/31/2012
1 Week up  0.89 %
1 Month down  -11.80 %
3 Months down  -7.47 %
1 YTD down  -7.47 %

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