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

Investment analysts at StockNews.com initiated coverage on shares of Marin Software (NASDAQ:MRIN) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

Marin Software Stock Performance

Shares of Marin Software stock opened at $2.41 on Thursday. The company has a market cap of $7.26 million, a P/E ratio of -0.32 and a beta of 0.95. Marin Software has a one year low of $1.44 and a one year high of $5.45. The firm has a fifty day moving average of $2.11 and a two-hundred day moving average of $2.18.

Marin Software (NASDAQ:MRIN) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($0.60) earnings per share (EPS) for the quarter. The company 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%.

Hedge Funds Weigh In On Marin Software

A number of large investors have recently made changes to their positions in the stock. Millennium Management LLC purchased a new position in Marin Software during the 2nd quarter valued at about $28,000. Virtu Financial LLC purchased a new position in Marin Software during the 1st quarter valued at about $50,000. State Street Corp increased its holdings in Marin Software by 14.8% during the 1st quarter. State Street Corp now owns 50,885 shares of the company’s stock valued at $147,000 after acquiring an additional 6,542 shares in the last quarter. Renaissance Technologies LLC increased its holdings in 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 in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Marin Software by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 225,264 shares of the company’s stock valued at $649,000 after acquiring an additional 11,013 shares in 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.