Marketo Inc (MKTO) is Downgraded by Bernstein to Mkt Perform

Marketo Inc (MKTO) was Downgraded by Bernstein to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Bernstein advised their investors in a research report released on Jun 8, 2016.

Many Wall Street Analysts have commented on Marketo Inc. Marketo Inc was Downgraded by JP Morgan to ” Neutral” on Jun 1, 2016. Marketo Inc was Downgraded by DA Davidson to ” Neutral” on Jun 1, 2016. Company shares were Downgraded by Canaccord Genuity on Jun 1, 2016 to ” Hold”, Firm has raised the Price Target to $ 35.25 from a previous price target of $26 .

On the company’s financial health, Marketo Inc reported $-0.17 EPS for the quarter, based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus estimate of $-0.17. The company had revenue of $62.20 million for the quarter, compared to analysts expectations of $61.47 million. The company’s revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.20 EPS.

Marketo Inc closed down -0.01 points or -0.03% at $35.16 with 18,48,513 shares getting traded on Tuesday. Post opening the session at $35.16, the shares hit an intraday low of $35.12 and an intraday high of $35.24 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on May 19, 2016, Phillip M Fernandez (President, CEO & Chairman) sold 21,600 shares at $26.87 per share price. According to the SEC, on May 18, 2016, Jason L Holmes (EVP & Chief Operating Officer) sold 2,500 shares at $27.26 per share price. On May 12, 2016, Steven M Winter (EVP Worldwide Field Operations) sold 5,312 shares at $26.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Marketo Inc. (Marketo) is engaged in providing cloud-based marketing solutions platform for the organizations ranging from small and medium businesses to largest enterprises to engage in modern relationship marketing. The Company’s platform provides the execution management and analytical measurement of online social mobile and offline marketing activities and customer interactions in multi-channel business environment. The Company’s platform offers an integrated suite of applications which include marketing automation sales insight revenue analytics marketing calendar real-time personalization and social marketing. Its applications are complemented by the Marketo Marketing Nation a network of more than 400 third-party solutions through the Company’s LaunchPoint ecosystem. The Company has approximately 3794 customers across a range of industries including business services consumer financial services healthcare manufacturing media technology and telecommunications.

Marketo Inc

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Marketo Inc - Is it time to Sell?

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