Marin Software Inc. (NYSE:MRIN) Receives Average Rating of “Hold” from Brokerages
Shares of Marin Software Inc. (NYSE:MRIN) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating. Marin Software’s rating score has declined by 200% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 1-year consensus target price of $2.52 for the company and are anticipating that the company will post ($0.17) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Marin Software an industry rank of 224 out of 265 based on the ratings given to related companies.
A number of analysts recently commented on MRIN shares. Stifel Nicolaus lowered Marin Software from a “buy” rating to a “hold” rating in a research note on Thursday, August 25th. Zacks Investment Research downgraded Marin Software from a “buy” rating to a “hold” rating in a research report on Wednesday.
Marin Software (NYSE:MRIN) opened at 2.34 on Wednesday. The stock’s 50 day moving average price is $2.45 and its 200-day moving average price is $2.54. Marin Software has a 12 month low of $1.88 and a 12 month high of $4.15. The firm’s market capitalization is $90.00 million.
Marin Software (NYSE:MRIN) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.05. The business had revenue of $25.80 million for the quarter, compared to analyst estimates of $25.15 million. Marin Software had a negative return on equity of 20.03% and a negative net margin of 18.91%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.20) earnings per share. On average, analysts forecast that Marin Software will post ($0.12) earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in MRIN. Caisse DE Depot ET Placement DU Quebec increased its position in Marin Software by 3.8% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,000,000 shares of the company’s stock worth $2,350,000 after buying an additional 36,900 shares during the period. Royce & Associates LP increased its position in Marin Software by 37.8% in the second quarter. Royce & Associates LP now owns 807,544 shares of the company’s stock worth $1,898,000 after buying an additional 221,505 shares during the period. UBS Group AG increased its position in Marin Software by 19.2% in the first quarter. UBS Group AG now owns 570,399 shares of the company’s stock worth $1,722,000 after buying an additional 91,953 shares during the period. Emerald Acquisition Ltd. purchased a new position in Marin Software during the second quarter worth approximately $1,247,000. Finally, State Street Corp increased its position in Marin Software by 11.3% in the first quarter. State Street Corp now owns 391,028 shares of the company’s stock worth $1,182,000 after buying an additional 39,562 shares during the period. Hedge funds and other institutional investors own 42.35% of the company’s stock.
About Marin Software
Marin Software Incorporated provides a cross-channel advertising cloud platform. The Company’s platform enables digital marketers to manage performance of their online advertising campaigns. The Company’s integrated platform is a software-as-a-service (SaaS) analytics, workflow and optimization solution for marketing professionals.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Marin Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marin Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.