Responsys (MKTG) Set to Announce Earnings on Tuesday
Responsys (NASDAQ:MKTG) is scheduled to be announcing its Q313 earnings results on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.02 per share and revenue of $48.13 million for the quarter.
Responsys (NASDAQ:MKTG) traded up 1.51% during mid-day trading on Monday, hitting $16.17. The stock had a trading volume of 122,404 shares. 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 $16.54 and its 200-day moving average is $13.38. The company has a market cap of $814.1 million and a P/E ratio of 156.18.
A number of analysts have recently weighed in on MKTG shares. Analysts at Zacks upgraded shares of Responsys from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 8th. They now have a $16.80 price target on the stock. On the ratings front, 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $18.13.
In other Responsys news, Insider Scott V. Olrich sold 15,500 shares of Responsys stock on the open market in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $17.09, for a total value of $264,895.00. The transaction was disclosed in a legal filing 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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