Marketo Receives New Coverage from Analysts at Davidson (MKTO)
A number of other analysts have also recently weighed in on MKTO. Analysts at DA Davidson initiated coverage on shares of Marketo in a research note on Tuesday. They set a “buy” rating and a $49.00 price target on the stock. Analysts at First Analysis initiated coverage on shares of Marketo in a research note on Wednesday, July 23rd. They set an “overweight” rating on the stock. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $47.80.
Shares of Marketo (NASDAQ:MKTO) traded down 4.11% during mid-day trading on Thursday, hitting $28.73. 185,318 shares of the company’s stock traded hands. Marketo has a 52-week low of $22.02 and a 52-week high of $45.00. The stock’s 50-day moving average is $27.5 and its 200-day moving average is $30.10. The company’s market cap is $1.171 billion.
Marketo (NASDAQ:MKTO) last issued its quarterly earnings data on Thursday, July 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.13. The company had revenue of $36.00 million for the quarter, compared to the consensus estimate of $33.97 million. During the same quarter in the previous year, the company posted ($0.49) earnings per share. The company’s revenue for the quarter was up 60.1% on a year-over-year basis. Analysts expect that Marketo will post $-0.91 EPS for the current fiscal year.
In other Marketo news, CEO Phillip M. Fernandez sold 10,000 shares of the stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $28.27, for a total transaction of $282,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Marketo, Inc (NASDAQ:MKTO) provides cloud-based marketing software platform that enables organizations to engage in modern relationship marketing.
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