Marin Software (NASDAQ:MRIN) Shares Scheduled to Reverse Split on Monday, April 15th

Shares of Marin Software Incorporated (NASDAQ:MRIN) are scheduled to reverse split before the market opens on Monday, April 15th. The 1-6 reverse split was announced on Monday, April 15th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, April 15th.

Marin Software Stock Performance

NASDAQ MRIN opened at $0.65 on Thursday. The stock has a market capitalization of $11.74 million, a price-to-earnings ratio of -0.52 and a beta of 0.95. The stock’s 50 day moving average price is $0.34 and its two-hundred day moving average price is $0.36. Marin Software has a 52 week low of $0.24 and a 52 week high of $0.94.

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

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Marin Software in a research note on Saturday, April 6th. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Marin Software

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Marin Software by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 225,264 shares of the company’s stock worth $649,000 after purchasing an additional 11,013 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Marin Software by 565.6% during the 2nd quarter. Renaissance Technologies LLC now owns 223,728 shares of the company’s stock worth $369,000 after purchasing an additional 190,113 shares in the last quarter. State Street Corp raised its stake in shares of Marin Software by 14.8% during the 1st quarter. State Street Corp now owns 50,885 shares of the company’s stock worth $147,000 after purchasing an additional 6,542 shares in the last quarter. Virtu Financial LLC raised its stake in shares of Marin Software by 115.2% during the 2nd quarter. Virtu Financial LLC now owns 37,179 shares of the company’s stock worth $61,000 after purchasing an additional 19,899 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Marin Software during the 2nd quarter worth approximately $28,000. Institutional investors own 9.45% of the company’s stock.

Marin Software Company Profile

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 self-serves solutions and managed services.