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Responsys (NASDAQ:MKTG) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Thursday, American Banking News reports. They currently have a $26.00 price objective on the stock. Zacks‘ price objective would indicate a potential downside of 5.14% from the company’s current price.

Responsys (NASDAQ:MKTG) traded up 0.46% during mid-day trading on Thursday, hitting $27.535. 1,336,383 shares of the company’s stock traded hands. Responsys has a 52 week low of $6.00 and a 52 week high of $27.79. The stock has a 50-day moving average of $19.75 and a 200-day moving average of $16.29. The company has a market cap of $1.415 billion and a price-to-earnings ratio of 1713.12.

Responsys (NASDAQ:MKTG) last issued its quarterly earnings data 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.

A number of other firms have also recently commented on MKTG. Analysts at Stephens downgraded shares of Responsys from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, December 23rd. Separately, analysts at Credit Suisse downgraded shares of Responsys from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, December 23rd. They now have a $27.00 price target on the stock, up previously from $22.00. Finally, analysts at Credit Suisse raised their price target on shares of Responsys from $20.00 to $22.00 in a research note to investors on Wednesday, November 6th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $23.00.

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

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