Goldman Sachs Group Inc. lowered its position in Marin Software Incorporated (NYSE:MRIN) by 14.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,643 shares of the software maker’s stock after selling 15,944 shares during the period. Goldman Sachs Group Inc. owned approximately 0.24% of Marin Software worth $170,000 as of its most recent SEC filing.

Separately, Royce & Associates LP boosted its position in shares of Marin Software by 30.2% in the first quarter. Royce & Associates LP now owns 972,697 shares of the software maker’s stock worth $1,751,000 after buying an additional 225,347 shares during the last quarter. 27.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Marin Software Incorporated (NYSE:MRIN) traded up 6.818% during trading on Thursday, hitting $1.175. The company’s stock had a trading volume of 357,454 shares. The company has a 50-day moving average price of $1.16 and a 200-day moving average price of $1.52. Marin Software Incorporated has a one year low of $1.00 and a one year high of $2.74. The stock’s market cap is $46.47 million.

Marin Software (NYSE:MRIN) last posted its quarterly earnings data on Thursday, August 10th. The software maker reported ($0.17) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.09. The company had revenue of $18.74 million for the quarter. Marin Software had a negative net margin of 28.27% and a negative return on equity of 21.25%. Equities analysts predict that Marin Software Incorporated will post ($0.33) EPS for the current fiscal year.

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In other Marin Software news, major shareholder Esw Capital, Llc bought 409,172 shares of Marin Software stock in a transaction that occurred on Thursday, August 24th. The stock was purchased at an average cost of $1.10 per share, for a total transaction of $450,089.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 837,718 shares of company stock valued at $921,188 over the last 90 days. 20.80% of the stock is currently owned by insiders.

Marin Software Company Profile

Marin Software Incorporated provides a cross-channel, cross-device, enterprise marketing software platform for search, display and social advertising channels. The Company’s enterprise marketing software platform is offered as an integrated software-as-a-service (SaaS) solution for advertisers and agencies.

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Institutional Ownership by Quarter for Marin Software (NYSE:MRIN)

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