Analyst Rating Update on Marketo (MKTO)

Marketo (NASDAQ:MKTO) : 11 analysts are covering Marketo (NASDAQ:MKTO) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 11 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Marketo (NASDAQ:MKTO) : The consensus price target for Marketo (NASDAQ:MKTO) is $33.5 for the short term with a standard deviation of $3.65. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $37, however, the pessimist price target for the company is $26.

Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm JMP Securities downgrades its rating on Marketo (NASDAQ:MKTO). The shares have been rated Market Perform. Previously, the analysts had a Market Outperform rating on the shares. The rating by the firm was issued on June 15, 2016.

Marketo (NASDAQ:MKTO): On Tuesdays trading session , Opening price of the stock was $34.74 with an intraday high of $34.9. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $34.65. However, the stock managed to close at $34.66, a loss of 0.12% for the day. On the previous day, the stock had closed at $34.7. The total traded volume of the day was 1,614,478 shares.

In an insider trading activity,The director officer (President, CEO & Chairman) of Marketo, Inc., Fernandez Phillip M sold 21,600 shares at $35.03 on June 14, 2016. The Insider selling transaction had a total value worth of $756,648. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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 Companys 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 Companys 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 Companys LaunchPoint ecosystem. The Company has approximately 3,794 customers across a range of industries, including business services, consumer, financial services, healthcare, manufacturing, media, technology and telecommunications.

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