Is Ellie Mae's Growth Hitting the Brakes?
Ellie Mae (NYSE: ELLI) has been one of the greatest stocks for investors to hold in recent history. Since going public in 2011 at $6 per share, shares of the mortgage origination software provider have increased more than thirteen-fold in the past six years, providing an incredible 54% average annual return.
But the company's most recent results were met not with fanfare, but trepidation. Shares have plunged nearly 25% during just the past week, as worries about the US housing market have many questioning the company's future growth potential.
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Source: Fool.com
