Responsys Upgraded by Zacks to “Neutral” (MKTG)
Responsys (NASDAQ:MKTG) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Tuesday, AnalystRatingsNetwork reports. The firm currently has a $16.80 price objective on the stock. Zacks‘ price objective points to a potential upside of 2.69% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley upgraded shares of Responsys from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday, September 18th. They now have a $19.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at JMP Securities raised their price target on shares of Responsys 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 in a research note to investors on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $18.13.
Shares of Responsys (NASDAQ:MKTG) traded down 1.47% during mid-day trading on Tuesday, hitting $16.12. 472,456 shares of the company’s stock traded hands. Responsys has a 52-week low of $5.47 and a 52-week high of $18.22. The stock’s 50-day moving average is $15.50 and its 200-day moving average is $12.38. The company has a market cap of $811.6 million and a P/E ratio of 160.39.
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 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.
In other Responsys news, CFO Christian A. Paul unloaded 22,500 shares of the stock on the open market in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $16.68, for a total value of $375,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Responsys, Inc (NASDAQ:MKTG) is a provider of on-demand software and professional services.
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