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Responsys (NASDAQ:MKTG) was downgraded by analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday, reports. They currently have a $27.00 target price on the stock, up from their previous target price of $22.00. Credit Suisse’s price objective would indicate a potential downside of 1.44% from the company’s current price.

The analysts wrote, “MKTG acquisition is unsurprising. A higher bid is unlikely, in our view.” -”Given the healthy acquisition premium, we do not believe a higher bid will emerge, although we thought this asset would fit more neatly inside of IBM than ORCL for several reasons, including MKTG’s heavier services footprint, that led to a lower gross margin than most SaaS vendors.”

In other Responsys news, Insider Scott Olrich sold 88,037 shares of Responsys stock on the open market in a transaction dated Monday, December 9th. The stock was sold at an average price of $19.27, for a total value of $1,696,472.99. Following the sale, the insider now directly owns 337,500 shares in the company, valued at approximately $6,503,625. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Separately, 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. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $16.06.

Responsys (NASDAQ:MKTG) traded down 1.00% on Monday, hitting $27.12. 527,424 shares of the company’s stock traded hands. Responsys has a 52-week low of $5.61 and a 52-week high of $27.49. The stock’s 50-day moving average is $17.70 and its 200-day moving average is $15.51. The company has a market cap of $1.394 billion and a P/E ratio of 1712.19.

Responsys (NASDAQ:MKTG) last announced its earnings results on Tuesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $51.69 million for the quarter, compared to the consensus estimate of $48.13 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 27.5% on a year-over-year basis. Analysts expect that Responsys will post $0.16 EPS for the current fiscal year.

Responsys, Inc (NASDAQ:MKTG) is a provider of on-demand software and professional services.

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