The stock of Marketo Inc (NASDAQ:MKTO) hit a new 52-week low and has $16.27 target or 8.00% below today’s $17.68 share price. The 7 months bearish chart indicates high risk for the $777.69 million company. The 1-year low was reported on Feb, 4 by Barchart.com. If the $16.27 price target is reached, the company will be worth $62.22 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 1.56% or $0.28 during the last trading session, hitting $17.68. About 505,225 shares traded hands or 16.03% up from the average. Marketo Inc (NASDAQ:MKTO) has declined 36.99% since June 30, 2015 and is downtrending. It has underperformed by 29.48% the S&P500.
Analysts await Marketo Inc (NASDAQ:MKTO) to reports earnings on February, 9 after the close. They expect $-0.48 EPS, down 26.32% or $0.10 from last year’s $-0.38 per share. After $-0.37 actual EPS reported by Marketo Inc for the previous quarter, Wall Street now forecasts 29.73% negative EPS growth.
Out of 17 analysts covering Marketo Inc (NASDAQ:MKTO), 13 rate it “Buy”, 0 “Sell”, while 4 “Hold”. This means 76% are positive. Marketo Inc was the topic in 7 analyst reports since August 20, 2015 according to StockzIntelligence Inc.
According to Zacks Investment Research, “Marketo, Inc. provides digital marketing software and solutions. Its cloud-based software platform helps companies engage their customers using marketing automation tools. The Company’s software platform enables the execution, management, and analytical measurement of online, social, and offline marketing activities and customer interactions. Marketo’s platform includes marketing automation, social marketing, sales insight and revenue analytics. Its customer base includes customers across a range of industries, including business services, consumer, financial services, healthcare, manufacturing, media, technology and telecommunications. Marketo, Inc. is headquartered in San Mateo, California.”
The institutional sentiment decreased to 1.09 in 2015 Q3. Its down 0.63, from 1.72 in 2015Q2. The ratio dived, as 22 funds sold all Marketo Inc shares owned while 42 reduced positions. 24 funds bought stakes while 46 increased positions. They now own 36.71 million shares or 3.29% less from 37.96 million shares in 2015Q2.
Battery Partners Ix Llc holds 16.04% of its portfolio in Marketo Inc for 1.52 million shares. Westerly Capital Management Llc owns 138,679 shares or 4.72% of their US portfolio. Moreover, Gagnon Advisors Llc has 4.52% invested in the company for 195,357 shares. The New York-based Gagnon Securities Llc has invested 3.19% in the stock. Millrace Asset Group Inc., a Pennsylvania-based fund reported 75,432 shares.
Since March 2, 2015, the stock had 0 insider purchases, and 17 sales for $8.90 million net activity. Holmes Jason L sold 7,000 shares worth $227,562. Ball Frederick sold 15,000 shares worth $485,490. Fernandez Phillip M sold 12,000 shares worth $394,969. Dholakia Sanjay sold 4,812 shares worth $135,778. The insider Agrawal Neeraj sold 150,000 shares worth $4.17 million.