'Gator' pid='16943' datel Wrote:I noticed the turn this AM an I bought some. So far so good. Thanks for the info.
It was due for a bounce, that much was near certain. The worst case scenario is that it turns out to be an Apple situation, where the stock is pricing in lower growth than previously anticipated, but even then one can say that a considerable amount of that has been priced in already, it's difficult to imagine the growth slowdown would be so dramatic as to warrant a substantial further sell-off, as their business model is a thing of beauty:
Maxim Group assumed coverage on shares of Ellie Mae (NASDAQ: ELLI) in a research note issued to investors on Tuesday. The firm issued a buy rating and a $28.00 target price on the stock.
Ellie Mae traded down 1.62% on Tuesday, hitting $20.03. Ellie Mae has a 1-year low of $5.97 and a 1-year high of $30.59. The stock’s 50-day moving average is currently $25.82. The company has a market cap of $513.9 million and a price-to-earnings ratio of 28.08.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Ellie Mae from a neutral rating to an outperform rating in a research note to investors on Monday. They now have a $29.50 price target on the stock. Separately, analysts at William Blair downgraded shares of Ellie Mae from an outperform rating to a market perform rating in a research note to investors on Wednesday, January 23rd. Finally, analysts at Dougherty & Co reiterated a buy rating on shares of Ellie Mae in a research note to investors on Thursday, January 10th. They now have a $33.00 price target on the stock.
Six investment analysts have rated the stock with a buy rating, one has given an overweight rating, two have assigned a hold rating, and one has issued a sell rating to the company’s stock. The company has a consensus rating of overweight and a consensus price target of $30.33.
02-05-2013, 06:27 AM (This post was last modified: 02-05-2013, 06:33 AM by admin.)
Well, we have to rename this thread to ELLI keeps on falling, although it's difficult to imagine they will continue to fall much more. An earnings or guidance disappointment is now well backed into the stock price. Always a possibility, but they have had only positive earnings surprises recently, in ten days we'll know. If there is no disappointment, these shares can zoom up as fast as they came down.
Zweig Dimenna Associates LLC Holdings in 4th Quarter: 13F Alert
Top New Buys by Market Value
Company Name Ticker Market Value Current Change
(USD $) Position In Position
Bank of America Corp BAC US 31,508,658 2,713,924 2,713,924
Williams Cos Inc WMB US 22,784,584 695,925 695,925
Kraft Foods Group Inc KRFT US 22,408,434 492,818 492,818
Warnaco Group Inc/The WRC US 21,647,062 302,460 302,460
Ellie Mae Inc ELLI US 21,250,256 765,775 765,775
That's quite a bullish report Gator, thanks for that. I couldn't really understand the 30%+ sell-off in less than two weeks and I feel there is good room for recovery here. http://seekingalpha.com/article/1160301-...s-overdone
Well, it looks like we were right with ELLI, they just published another big beat of analyst expectations and the shares were down in regular market, up after the close. We said the selling was overdone..
