Marketo Coverage Initiated by Analysts at Credit Suisse (MKTO)
Credit Suisse assumed coverage on shares of Marketo (NASDAQ:MKTO) in a research note issued on Monday, ARN reports. The firm set an “outperform” rating and a $31.49 price target on the stock.
In other Marketo news, Director Susan Bostrom sold 16,020 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $33.99, for a total value of $544,519.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Marketo (NASDAQ:MKTO) opened at 31.49 on Monday. Marketo has a one year low of $17.20 and a one year high of $39.80. The stock’s 50-day moving average is $35.43 and its 200-day moving average is $28.73. The company’s market cap is $1.192 billion.
Marketo (NASDAQ:MKTO) last issued its quarterly earnings data on Tuesday, July 30th. The company reported ($0.49) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.43) by $0.06. The company had revenue of $22.50 million for the quarter, compared to the consensus estimate of $20.12 million. During the same quarter last year, the company posted ($3.30) earnings per share. Marketo’s revenue was up 61.9% compared to the same quarter last year. Analysts expect that Marketo will post $-1.47 EPS for the current fiscal year.
MKTO has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. initiated coverage on shares of Marketo (NASDAQ:MKTO) in a research note to investors on Monday. They set an “outperform” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Marketo (NASDAQ:MKTO) from $26.00 to $30.00 in a research note to investors on Thursday, August 1st. They now have an “outperform” rating on the stock. Finally, analysts at JMP Securities raised their price target on shares of Marketo (NASDAQ:MKTO) from $27.00 to $31.00 in a research note to investors on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $27.75.
Marketo, Inc (NASDAQ:MKTO) provides cloud-based marketing software platform that enables organizations to engage in modern relationship marketing.
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