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Marketo (NASDAQ:MKTO) shares hit a new 52-week high during trading on Wednesday after UBS AG raised their price target on the stock from $27.00 to $40.00, Analyst Ratings Network reports. UBS AG currently has a sell rating on the stock. Marketo traded as high as $45.00 and last traded at $41.50, with a volume of 1,954,740 shares traded. The stock had previously closed at $44.48.

Other equities research analysts have also recently issued reports about the stock. Analysts at JMP Securities raised their price target on shares of Marketo from $42.00 to $50.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Marketo from $48.00 to $52.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Marketo from $40.00 to $48.00 in a research note on Friday, January 17th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Marketo has a consensus rating of “Buy” and an average price target of $44.67.

In other Marketo news, CEO Phillip Fernandez unloaded 5,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $40.34, for a total value of $201,700.00. Following the transaction, the chief executive officer now directly owns 84,541 shares of the company’s stock, valued at approximately $3,410,384. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

The stock’s 50-day moving average is $40.95 and its 200-day moving average is $35.32. The company’s market cap is $1.519 billion. Marketo also was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 968,495 shares, a drop of 26.7% from the January 15th total of 1,321,685 shares. Based on an average trading volume of 231,699 shares, the days-to-cover ratio is presently 4.2 days. Currently, 5.7% of the company’s stock are short sold.

Marketo (NASDAQ:MKTO) last posted its quarterly earnings results on Tuesday, February 11th. The company reported ($0.29) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.25) by $0.04. The company had revenue of $28.20 million for the quarter, compared to the consensus estimate of $26.65 million. During the same quarter in the prior year, the company posted ($2.37) earnings per share. The company’s quarterly revenue was up 66.9% on a year-over-year basis. On average, analysts predict that Marketo will post $-1.45 earnings per share for the current fiscal year.

Marketo, Inc (NASDAQ:MKTO) provides cloud-based marketing software platform that enables organizations to engage in modern relationship marketing.

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