Ellie Mae Inc (ELLI) rated Overweight with price target $38 by Barclays
Barclays rated Overweight Ellie Mae Inc (NYSE: ELLI) on 01/07/2013. Previously Barclays rated Overweight Ellie Mae Inc (NYSE: ELLI) on 04/24/2012.,
when the stock price was $12.70. Since then, Ellie Mae Inc has gained 96.46% as of 06/18/2013's recent price of $24.95. If you would have followed the previous Barclays's recommendation on ELLI, you would have gained 96.45% of your investment in 420 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.