StockNews.com Initiates Coverage on Marin Software (NASDAQ:MRIN)

StockNews.com initiated coverage on shares of Marin Software (NASDAQ:MRIN) in a research report report published on Thursday. The firm issued a hold rating on the stock.

Marin Software Price Performance

Shares of MRIN stock opened at $3.15 on Thursday. Marin Software has a 52 week low of $1.44 and a 52 week high of $5.45. The firm has a 50 day moving average of $2.13 and a two-hundred day moving average of $2.19.

Marin Software (NASDAQ:MRIN) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($0.60) EPS for the quarter. Marin Software had a negative net margin of 123.61% and a negative return on equity of 80.25%. The business had revenue of $4.35 million during the quarter.

Hedge Funds Weigh In On Marin Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MRIN. Millennium Management LLC purchased a new position in Marin Software in the 2nd quarter valued at approximately $28,000. Virtu Financial LLC purchased a new stake in shares of Marin Software during the 1st quarter worth $50,000. State Street Corp lifted its position 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 during the last quarter. Renaissance Technologies LLC lifted its position 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 during the last quarter. Finally, Vanguard Group Inc. lifted its position 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 during the last quarter. Hedge funds and other 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.