JMP Securities Downgrades Marketo Inc to Market Perform

Brokerage firm JMP Securities Downgrades its rating on Marketo Inc(NASDAQ:MKTO). The shares have been rated Market Perform. Previously, the analysts had a Market Outperform rating on the shares. The rating by JMP Securities was issued on Jun 15, 2016.

In a different note, On Jun 8, 2016, Bernstein said it Downgrades its rating on Marketo Inc. The shares have been rated ‘Market Perform’ by the firm. On Jun 1, 2016, Canaccord Genuity said it Downgrades its rating on Marketo Inc. The shares have been rated ‘Hold’ by the firm. On Jun 1, 2016, Goldman Sachs said it Maintains its rating on Marketo Inc. In the research note, the firm Raises the price-target to $21.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 1, 2016, DA Davidson said it Downgrades its rating on Marketo Inc. The shares have been rated ‘Neutral’ by the firm. On Jun 1, 2016, JP Morgan said it Downgrades its rating on Marketo Inc. In the research note, the firm Raises the price-target to $30.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 31, 2016, RBC Capital said it Downgrades its rating on Marketo Inc. The shares have been rated ‘Sector Perform’ by the firm.

Marketo Inc (MKTO) made into the market gainers list on Tuesdays trading session with the shares advancing 0.26% or 0.09 points. Due to strong positive momentum, the stock ended at $34.98, which is also near the day’s high of $34.99. The stock began the session at $34.92 and the volume stood at 5,26,293 shares. The 52-week high of the shares is $35.3 and the 52 week low is $12.86. The company has a current market capitalization of $1,557 M and it has 4,45,23,276 shares in outstanding.

Marketo Inc(MKTO) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $62.22M. Analysts had an estimated revenue of $61.45M. Earnings per share were $-0.17. Analysts had estimated an EPS of $-0.17.

Several Insider Transactions has been reported to the SEC. On May 19, 2016, Phillip M Fernandez (President, CEO & Chairman) sold 21,600 shares at $26.87 per share price.Also, 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.

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