Marin Software Inc. (NYSE:MRIN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.
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 cut Marin Software from a “buy” rating to a “hold” rating in a research report on Thursday, August 25th.
Shares of Marin Software (NYSE:MRIN) traded down 0.84% on Wednesday, reaching $2.36. The company had a trading volume of 1,356 shares. The company’s 50-day moving average price is $2.47 and its 200 day moving average price is $2.54. The firm’s market capitalization is $90.77 million. Marin Software has a 52 week low of $1.88 and a 52 week high of $4.15.
Marin Software (NYSE:MRIN) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.05. The business earned $25.80 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.20) EPS. On average, analysts expect that Marin Software will post ($0.12) EPS for the current year.
Several hedge funds have recently made changes to their positions in MRIN. Royce & Associates LP boosted its stake in shares of Marin Software by 116.7% in the first quarter. Royce & Associates LP now owns 586,039 shares of the company’s stock worth $1,770,000 after buying an additional 315,639 shares during the period. State Street Corp boosted its stake in shares of 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. UBS Group AG boosted its stake in shares of 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. Geode Capital Management LLC boosted its stake in shares of 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 period. Finally, Renaissance Technologies LLC boosted its stake in shares of Marin Software by 69.4% in the first quarter. Renaissance Technologies LLC now owns 358,700 shares of the company’s stock worth $1,083,000 after buying an additional 146,900 shares during the period. 42.35% of the stock is owned by hedge funds and other institutional investors.
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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