Marin Software (NASDAQ:MRIN) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Marin Software (NASDAQ:MRIN) in a research note issued to investors on Saturday. The firm issued a hold rating on the stock.

Marin Software Price Performance

Shares of MRIN opened at $0.30 on Friday. The stock’s 50-day moving average is $0.34 and its two-hundred day moving average is $0.36. The stock has a market cap of $5.34 million, a PE ratio of -0.24 and a beta of 0.95. Marin Software has a 12 month low of $0.24 and a 12 month high of $0.95.

Marin Software (NASDAQ:MRIN) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($0.10) EPS for the quarter. The company had revenue of $4.35 million for the quarter. Marin Software had a negative return on equity of 80.25% and a negative net margin of 123.61%.

Institutional Trading of Marin Software

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Marin Software by 5.1% during the first quarter. Vanguard Group Inc. now owns 225,264 shares of the company’s stock worth $649,000 after acquiring an additional 11,013 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Marin Software by 565.6% during the second quarter. Renaissance Technologies LLC now owns 223,728 shares of the company’s stock worth $369,000 after acquiring an additional 190,113 shares during the last quarter. State Street Corp increased its position in shares of Marin Software by 14.8% during the first quarter. State Street Corp now owns 50,885 shares of the company’s stock worth $147,000 after acquiring an additional 6,542 shares during the last quarter. Virtu Financial LLC increased its position in shares of Marin Software by 115.2% during the second quarter. Virtu Financial LLC now owns 37,179 shares of the company’s stock worth $61,000 after acquiring an additional 19,899 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Marin Software during the second quarter worth about $28,000. 9.45% of the stock is owned by hedge funds and other institutional investors.

About Marin Software

Marin Software Incorporated, together with its subsidiaries, provides enterprise marketing software for advertisers and agencies in the United States, the United Kingdom, and internationally. It offers MarinOne, a search, social, and eCommerce advertising platform, as well as managed services. The company markets and sells its solutions to advertisers directly, and through advertising agencies that use its platform on behalf of their customers.