According to Bloomberg, Ellie Mae (ELLI) can still pull through for its shareholders with a 26% stock gain after surging last week.
As the U.S. housing recovery strengthens, Pleasanton, California-based Ellie Mae is projected to boost annual revenue at twice the median pace of similar-sized software companies, according to data compiled by Bloomberg. Ellie Mae could sell itself to larger software vendors such as International Business Machines Corp. or Accenture Plc (ACN) for $35 a share, Oppenheimer Holdings Inc. said.
