Marin Software (NASDAQ:MRIN) Coverage Initiated at StockNews.com

Posted by on Aug 14th, 2023

Analysts at StockNews.com started coverage on shares of Marin Software (NASDAQ:MRIN – Get Free Report) in a report issued on Saturday. The firm set a “hold” rating on the stock.

Marin Software Stock Performance

MRIN opened at $0.64 on Friday. The stock has a market capitalization of $11.37 million, a P/E ratio of -0.47 and a beta of 0.45. The business has a 50 day simple moving average of $0.67. Marin Software has a 12-month low of $0.56 and a 12-month high of $2.38.

Marin Software (NASDAQ:MRIN – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The company reported ($0.35) earnings per share for the quarter. Marin Software had a negative net margin of 118.20% and a negative return on equity of 74.19%. The firm had revenue of $4.36 million for the quarter.

Institutional Investors Weigh In On Marin Software

Institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC bought a new stake in shares of Marin Software during the second quarter valued at approximately $28,000. Virtu Financial LLC bought a new stake in Marin Software in the first quarter worth $50,000. State Street Corp increased its position in Marin Software by 14.8% in the first 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 increased its position in Marin Software by 565.6% in the second 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. increased its position in Marin Software by 5.1% in the first 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. Institutional investors own 11.68% of the company’s stock.

Marin Software Company Profile

(Get Free Report)

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.

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