Marin Software (NASDAQ:MRIN) Now Covered by StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Marin Software (NASDAQ:MRIN) in a research note issued on Thursday. The firm set a “hold” rating on the stock.

Marin Software Trading Down 6.7 %

NASDAQ MRIN opened at $2.94 on Thursday. Marin Software has a 12 month low of $1.44 and a 12 month high of $5.45. The firm has a market capitalization of $8.85 million, a PE ratio of -0.39 and a beta of 0.95. The business’s 50-day moving average price is $2.14 and its two-hundred day moving average price is $2.19.

Marin Software (NASDAQ:MRIN) last announced its earnings results on Thursday, February 22nd. The company reported ($0.60) EPS for the quarter. The company had revenue of $4.35 million during the quarter. Marin Software had a negative net margin of 123.61% and a negative return on equity of 80.25%.

Institutional Trading of Marin Software

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Marin Software by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 225,264 shares of the company’s stock valued at $649,000 after purchasing an additional 11,013 shares during the period. Renaissance Technologies LLC increased its holdings in Marin Software by 565.6% in the second quarter. Renaissance Technologies LLC now owns 223,728 shares of the company’s stock worth $369,000 after purchasing an additional 190,113 shares in the last quarter. State Street Corp lifted its stake in Marin Software by 14.8% in the first quarter. State Street Corp now owns 50,885 shares of the company’s stock valued at $147,000 after buying an additional 6,542 shares during the period. Virtu Financial LLC boosted its holdings in shares of Marin Software by 115.2% during the 2nd quarter. Virtu Financial LLC now owns 37,179 shares of the company’s stock worth $61,000 after buying an additional 19,899 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Marin Software during the 2nd quarter worth approximately $28,000. 9.45% of the stock is currently owned by institutional investors and hedge funds.

Marin Software Company Profile

Marin Software Incorporated, together with its subsidiaries, provides enterprise marketing software for advertisers and agencies in the United States, the United Kingdom, and internationally. It offers MarinOne, a search, social, and eCommerce advertising platform, as well as self-serves solutions and managed services.