Marin Software Inc. (NYSE:MRIN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note 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 lowered shares of Marin Software from a “buy” rating to a “hold” rating in a research report on Thursday, August 25th.
Marin Software (NYSE:MRIN) opened at 2.46 on Wednesday. Marin Software has a one year low of $1.88 and a one year high of $4.15. The company’s 50-day moving average is $2.49 and its 200 day moving average is $2.54. The stock’s market capitalization is $94.62 million.
Marin Software (NYSE:MRIN) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. The firm had revenue of $25.80 million for the quarter, compared to analyst estimates of $25.15 million. Marin Software had a negative net margin of 18.91% and a negative return on equity of 20.03%. Marin Software’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.20) earnings per share. Equities analysts expect that Marin Software will post ($0.12) EPS for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in Marin Software by 6.2% in the first quarter. Geode Capital Management LLC now owns 100,558 shares of the company’s stock valued at $303,000 after buying an additional 5,907 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised 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 valued at $2,350,000 after buying an additional 36,900 shares during the last quarter. State Street Corp raised 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 valued at $1,182,000 after buying an additional 39,562 shares during the last quarter. Alambic Investment Management L.P. raised its position 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 valued at $194,000 after buying an additional 39,669 shares during the last quarter. Finally, A.R.T. Advisors LLC raised its position 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 valued at $184,000 after buying an additional 49,200 shares during the last quarter. Institutional investors own 42.35% of the company’s stock.
Marin Software Company Profile
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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