Marin Software Inc. (MRIN) Rating Lowered to Hold at Zacks Investment Research
Marin Software Inc. (NYSE:MRIN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors 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 12-month low of $1.88 and a 12-month high of $4.15. The firm’s market cap is $94.62 million. The stock’s 50 day moving average price is $2.49 and its 200-day moving average price is $2.54.
Marin Software (NYSE:MRIN) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.05. Marin Software had a negative net margin of 18.91% and a negative return on equity of 20.03%. The business earned $25.80 million during the quarter, compared to the consensus estimate of $25.15 million. During the same quarter in the prior year, the firm earned ($0.20) EPS. The business’s revenue was down 3.7% on a year-over-year basis. Equities research analysts anticipate that Marin Software will post ($0.12) earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of MRIN. Geode Capital Management LLC raised 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 period. Caisse DE Depot ET Placement DU Quebec raised its position in shares of 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 worth $2,350,000 after buying an additional 36,900 shares during the period. State Street Corp raised its position 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. Alambic Investment Management L.P. raised its position in shares of 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 period. Finally, A.R.T. Advisors LLC raised its position in shares of 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 period. 42.35% of the stock is currently owned by 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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