Marketo Short Interest Down 26.7% in January (MKTO)
Shares of Marketo (NASDAQ:MKTO) were the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 968,495 shares, a decrease of 26.7% from the January 15th total of 1,321,685 shares, Stock Ratings Network reports. Approximately 5.7% of the shares of the stock are short sold. Based on an average trading volume of 231,699 shares, the days-to-cover ratio is currently 4.2 days.
In other Marketo news, CEO Phillip M. Fernandez unloaded 10,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $39.23, for a total transaction of $392,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Marketo from $45.00 to $50.00 in a research note on Thursday, February 13th. Separately, analysts at Raymond James raised their price target on shares of Marketo from $38.00 to $50.00 in a research note on Thursday, February 13th. Finally, analysts at UBS AG raised their price target on shares of Marketo from $27.00 to $40.00 in a research note on Wednesday, February 12th. They now have a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. Marketo currently has an average rating of “Buy” and a consensus target price of $47.83.
Shares of Marketo (NASDAQ:MKTO) opened at 38.54 on Friday. Marketo has a one year low of $17.20 and a one year high of $45.00. The stock’s 50-day moving average is $41.40 and its 200-day moving average is $35.70. The company’s market cap is $1.474 billion.
Marketo (NASDAQ:MKTO) last posted its quarterly earnings results on Tuesday, February 11th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted ($2.37) earnings per share. The company’s revenue for the quarter was up 66.9% on a year-over-year basis. On average, analysts predict that Marketo will post $-1.12 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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