Responsys Insider Sells $383,000 in Stock (MKTG)
Responsys (NASDAQ:MKTG) Insider Scott Olrich unloaded 25,000 shares of Responsys stock on the open market in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $15.32, for a total value of $383,000.00. Following the completion of the transaction, the insider now directly owns 337,500 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on MKTG shares. 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.44.
Shares of Responsys (NASDAQ:MKTG) traded down 2.21% during mid-day trading on Thursday, hitting $14.19. 502,628 shares of the company’s stock traded hands. Responsys has a 52-week low of $5.47 and a 52-week high of $16.93. The stock’s 50-day moving average is $14.58 and its 200-day moving average is $11.34. The company has a market cap of $714.4 million and a P/E ratio of 142.25.
Responsys (NASDAQ:MKTG) last announced its earnings results on Monday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. Analysts expect that Responsys will post $0.15 EPS for the current fiscal year.
Responsys, Inc (NASDAQ:MKTG) is a provider of on-demand software and professional services.
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