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

Rating:
Outperform
ELLI
up 236.63 %

Ellie Mae Inc (ELLI) rated Outperform with price target $35 by FBR Capital

Posted on: Wednesday,  Jun 5, 2013  8:25 AM ET by FBR Capital

FBR Capital rated Outperform Ellie Mae Inc (NYSE: ELLI) on 06/05/2013, when the stock price was $22.00. Since
then, Ellie Mae Inc has gained 236.64% as of 10/29/2015's recent price of $74.06.
If you would have followed this FBR Capital's recommendation on ELLI, you would have gained 236.63% of your investment in 876 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.

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/23/2013 8:25 AM Buy
None
31.51 37.00
as of 12/13/2013
1 Week down  -0.41 %
1 Month down  -1.93 %
3 Months down  -11.45 %
1 YTD down  -16.37 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/5/2013 8:25 AM Buy
None
22.00 35.00

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