RBC Capital Initiates Ellie Mae At Outperform

Analysts at RBC Capital initiated coverage on

with a Outperform rating. The target price for Ellie Mae is set to $52. Ellie Mae shares have gained 45.15% over the past 52 weeks, while the S&P 500 index has surged 13.36% in the same period. Ellie Mae's shares closed at $41.02 yesterday.