Marin Software (NASDAQ:MRIN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Marin Software (NASDAQ:MRIN – Get Rating) in a research note released on Tuesday. The firm issued a hold rating on the stock.

Marin Software Stock Performance

Shares of MRIN stock opened at $0.68 on Tuesday. The company has a market capitalization of $11.73 million, a P/E ratio of -0.50 and a beta of 0.48. The business’s 50 day moving average is $0.69 and its two-hundred day moving average is $0.89. Marin Software has a twelve month low of $0.56 and a twelve month high of $2.38.

Marin Software (NASDAQ:MRIN – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The company reported ($0.30) EPS for the quarter. Marin Software had a negative return on equity of 62.38% and a negative net margin of 113.22%. The firm had revenue of $5.16 million for the quarter.

Hedge Funds Weigh In On Marin Software

Large investors have recently modified their holdings of the business. Millennium Management LLC acquired a new position in Marin Software during the second quarter worth $28,000. Virtu Financial LLC acquired a new stake in shares of Marin Software in the first quarter valued at about $50,000. State Street Corp grew its position in 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 buying an additional 6,542 shares during the period. 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 valued at $369,000 after acquiring an additional 190,113 shares during the period. Finally, Vanguard Group Inc. boosted 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 acquiring an additional 11,013 shares in the last quarter. 12.81% of the stock is owned by hedge funds and other institutional investors.

About Marin Software

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Marin Software, Inc is a cloud-based digital advertising management company. It provides cross-channel, cross-device, enterprise marketing software platform for search, social and display advertising channels, offered as a software-as-a-service. The firm’s integrated platform is an analytics, workflow and optimization solutions for marketing professionals, allowing them to manage their digital advertising spend across search and display advertising channels.