Insider Selling: Edward Henrich Unloads 1,830 Shares of Responsys Stock (MKTG)
Responsys (NASDAQ:MKTG) SVP Edward Henrich sold 1,830 shares of Responsys stock on the open market in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $15.00, for a total transaction of $27,450.00. Following the transaction, the senior vice president now directly owns 37,191 shares in the company. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Responsys (NASDAQ:MKTG) from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, August 8th. They now have a $14.20 price target on the stock. Separately, analysts at JMP Securities raised their price target on shares of Responsys (NASDAQ:MKTG) from $18.00 to $23.00 in a research note to investors on Tuesday, August 6th. Finally, analysts at Pacific Crest set a $20.00 price target on shares of Responsys (NASDAQ:MKTG) in a research note to investors on Tuesday, August 6th.
One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Responsys has a consensus rating of “Hold” and a consensus target price of $17.44.
Shares of Responsys (NASDAQ:MKTG) traded down 2.21% on Thursday, hitting $14.19. The stock had a trading volume of 502,628 shares. Responsys has a 1-year low of $5.47 and a 1-year high of $16.93. The stock has a 50-day moving average of $14.58 and a 200-day moving average of $11.34. The company has a market cap of $714.4 million and a price-to-earnings ratio of 142.25.
Responsys (NASDAQ:MKTG) last released its earnings data on Monday, August 5th. The company reported $0.02 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.02. The company had revenue of $49.50 million for the quarter, compared to the consensus estimate of $46.19 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 25.3% on a year-over-year basis. On average, analysts predict that Responsys will post $0.15 earnings per share for the current fiscal year.
Responsys, Inc (NASDAQ:MKTG) is a provider of on-demand software and professional services.
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