Zacks Investment Research downgraded shares of ELLIE MAE INC (ELLI) from OUTPERFORM to NEUTRAL on November 12, 2012, with a target price of $28.20.
Ellie Mae, Inc. operates electronic mortgage origination networks in the United States. The Company's network and technology-enabled solutions help streamline and automate the mortgage origination process. Solutions offered by Ellie include Encompass software, a comprehensive operating system that handles key business and management functions involved in running a mortgage origination business, and serves as a gateway to the Ellie Mae Network. Through its solutions the Company also offers services like: automated preparation of the disclosure and closing documents electronic document management and websites and electronic connectivity. Ellie Mae, Inc. is headquartered in Pleasanton, California.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on ELLIE MAE INC (ELLI),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment