Marin Software (NASDAQ:MRIN) issued its quarterly earnings data on Wednesday. The company reported ($0.23) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.27) by $0.04, AnalystRatings.Net reports. The company had revenue of $20.10 million for the quarter, compared to the consensus estimate of $19.84 million. During the same quarter in the prior year, the company posted ($0.28) earnings per share. The company’s quarterly revenue was up 29.7% on a year-over-year basis. Marin Software updated its Q4 guidance to ($0.22)-($0.24) EPS.
Marin Software (NASDAQ:MRIN) traded down 0.09% on Wednesday, hitting $11.28. The stock had a trading volume of 209,267 shares. Marin Software has a 52-week low of $8.75 and a 52-week high of $19.95. The stock has a 50-day moving average of $12.11 and a 200-day moving average of $12.18. The company’s market cap is $366.3 million.
On a related note, analysts at Deutsche Bank reiterated a “buy” rating on shares of Marin Software in a research note to investors on Thursday, August 8th. They now have a $20.00 price target on the stock. Five investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $20.50.
Marin Software Incorporated provides cloud-based digital advertising management platform to advertisers and agencies.
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