Marin Software Inc. (MRIN) Cut to “Hold” at Zacks Investment Research
According to Zacks, “Marin Software, Inc. offers online advertising management services. Its Revenue Acquisition Management platform offers digital advertising management solutions for search, display, social media and mobile advertising. The Company’s product consists of Marin Enterprise and Marin Professional. It sells its solutions directly to advertisers and to agencies in a range of industries. Marin Software, Inc. is headquartered in San Francisco, California. “
Separately, Stifel Nicolaus downgraded Marin Software from a buy rating to a hold rating in a research note on Thursday, August 25th.
Shares of Marin Software (NYSE:MRIN) traded up 0.85% during mid-day trading on Wednesday, hitting $2.36. The stock had a trading volume of 1,056 shares. The company’s market capitalization is $90.77 million. Marin Software has a 1-year low of $1.88 and a 1-year high of $4.15. The stock’s 50-day moving average price is $2.45 and its 200 day moving average price is $2.54.
Marin Software (NYSE:MRIN) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.05. The business earned $25.80 million during the quarter, compared to the consensus estimate of $25.15 million. Marin Software had a negative return on equity of 20.03% and a negative net margin of 18.91%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.20) EPS. On average, analysts predict that Marin Software will post ($0.12) EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. KCG Holdings Inc. bought a new stake in Marin Software during the second quarter worth $128,000. A.R.T. Advisors LLC increased its stake in Marin Software by 169.0% in the second quarter. A.R.T. Advisors LLC now owns 78,307 shares of the company’s stock worth $184,000 after buying an additional 49,200 shares during the last quarter. Alambic Investment Management L.P. increased its stake in Marin Software by 92.6% in the second quarter. Alambic Investment Management L.P. now owns 82,517 shares of the company’s stock worth $194,000 after buying an additional 39,669 shares during the last quarter. Paloma Partners Management Co bought a new stake in Marin Software during the second quarter worth $271,000. Finally, Geode Capital Management LLC increased its stake in Marin Software by 6.2% in the first quarter. Geode Capital Management LLC now owns 100,558 shares of the company’s stock worth $303,000 after buying an additional 5,907 shares during the last quarter. 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.
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