Marketo Inc Reaches New 12-Month High at $41.00 (MKTO)
Marketo (NASDAQ:MKTO)’s share price reached a new 52-week high during trading on Friday, Stock Ratings Network reports. The stock traded as high as $41.00 and last traded at $40.51, with a volume of 733,026 shares traded. The stock had previously closed at $38.03.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. set a $45.00 price target on shares of Marketo in a research note to investors on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Marketo has an average rating of “Buy” and a consensus target price of $38.67.
In other Marketo news, CEO Phillip Fernandez unloaded 10,000 shares of the stock on the open market in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $36.25, for a total transaction of $362,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Marketo has a 1-year low of $17.20 and a 1-year high of $39.80. The stock’s 50-day moving average is $32.67 and its 200-day moving average is $31.61. The company’s market cap is $1.566 billion.
Marketo (NASDAQ:MKTO) last announced its earnings results on Thursday, October 24th. The company reported ($0.21) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.25) by $0.04. The company had revenue of $25.50 million for the quarter, compared to the consensus estimate of $23.44 million. During the same quarter in the prior year, the company posted ($2.98) earnings per share. The company’s quarterly revenue was up 65.6% on a year-over-year basis.
Marketo, Inc (NASDAQ:MKTO) provides cloud-based marketing software platform that enables organizations to engage in modern relationship marketing.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.