Needham & Company Downgrades Ellie Mae (ELLI) to Hold Following Acquisition

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February 12, 2019 10:19 AM EST
Get Alerts ELLI Hot Sheet
Price: $98.99 --0%

Rating Summary:
    6 Buy, 13 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 11 | New: 17
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Needham & Company analyst Mayank Tandon downgraded Ellie Mae (NYSE: ELLI) from Buy to Hold after the company agreed to be acquired by Thoma Bravo, LLC for $99 per share in an all cash transaction.

For an analyst ratings summary and ratings history on Ellie Mae click here. For more ratings news on Ellie Mae click here.

Shares of Ellie Mae closed at $81.92 yesterday.


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