Responsys Stock Rating Upgraded by Morgan Stanley (MKTG)
Responsys (NASDAQ:MKTG) was upgraded by Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $19.00 target price on the stock. Morgan Stanley’s price objective suggests a potential upside of 27.52% from the company’s current price. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on MKTG. 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, two have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $17.70.
Responsys (NASDAQ:MKTG) traded up 6.31% during mid-day trading on Wednesday, hitting $15.84. 492,013 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 $14.66 and its 200-day moving average is $11.56. The company has a market cap of $797.5 million and a price-to-earnings ratio of 146.08.
Responsys (NASDAQ:MKTG) last issued its quarterly earnings data 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. On average, analysts predict that Responsys will post $0.15 earnings per share for the current fiscal year.
In other Responsys news, Insider Donald Eugene Smith unloaded 12,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $14.35, for a total transaction of $172,200.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Responsys, Inc (NASDAQ:MKTG) is a provider of on-demand software and professional services.
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