Marin Software (NASDAQ:MRIN) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Marin Software (NASDAQ:MRINFree Report) in a research note issued to investors on Wednesday morning. The firm issued a hold rating on the stock.

Marin Software Trading Up 1.4 %

Shares of Marin Software stock opened at $0.41 on Wednesday. The firm has a fifty day simple moving average of $0.38 and a 200-day simple moving average of $0.44. Marin Software has a 1-year low of $0.27 and a 1-year high of $1.36. The stock has a market capitalization of $7.31 million, a price-to-earnings ratio of -0.32 and a beta of 0.98.

Marin Software (NASDAQ:MRINGet Free Report) last issued its quarterly earnings data on Thursday, November 2nd. The company reported ($0.18) earnings per share for the quarter. Marin Software had a negative return on equity of 77.88% and a negative net margin of 117.42%. The firm had revenue of $4.44 million during the quarter.

Institutional Trading of Marin Software

A number of institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC acquired a new position in Marin Software during the 2nd quarter valued at $28,000. Virtu Financial LLC raised its stake in Marin Software by 115.2% during the 2nd quarter. Virtu Financial LLC now owns 37,179 shares of the company’s stock valued at $61,000 after purchasing an additional 19,899 shares during the last quarter. Renaissance Technologies LLC raised its stake in Marin Software by 565.6% during the 2nd quarter. Renaissance Technologies LLC now owns 223,728 shares of the company’s stock valued at $369,000 after purchasing an additional 190,113 shares during the last quarter. State Street Corp raised its stake in Marin Software by 14.8% during the 1st quarter. State Street Corp now owns 50,885 shares of the company’s stock valued at $147,000 after purchasing an additional 6,542 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Marin Software by 5.1% during 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 last quarter. 10.12% of the stock is currently owned by institutional investors and hedge funds.

Marin Software Company Profile

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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 managed services. The company markets and sells its solutions to advertisers directly, and through advertising agencies that use its platform on behalf of their customers.

Further Reading

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