Marketo Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:MKTO)
Marketo (NASDAQ:MKTO) has been given a consensus rating of “Buy” by the nine analysts that are currently covering the stock, Stock Ratings News reports. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $47.80.
In other Marketo news, CFO Frederick Ball unloaded 7,300 shares of Marketo stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $30.05, for a total transaction of $219,365.00. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on MKTO shares. Analysts at Davidson initiated coverage on shares of Marketo in a research note on Thursday, August 28th. They set a “buy” rating on the stock. Separately, analysts at DA Davidson initiated coverage on shares of Marketo in a research note on Tuesday, August 26th. They set a “buy” rating and a $49.00 price target on the stock. Finally, 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.
Marketo (NASDAQ:MKTO) traded up 2.87% during mid-day trading on Wednesday, hitting $30.645. The stock had a trading volume of 87,297 shares. Marketo has a 52-week low of $22.02 and a 52-week high of $45.00. The stock has a 50-day moving average of $27.70 and a 200-day moving average of $29.65. The company’s market cap is $1.250 billion.
Marketo (NASDAQ:MKTO) last announced its earnings results 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.
Marketo, Inc (NASDAQ:MKTO) provides cloud-based marketing software platform that enables organizations to engage in modern relationship marketing.
Receive News & Ratings for Marketo Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marketo Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.