Shares of Marin Software Incorporated (NYSE:MRIN) have earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a 12-month consensus target price of $2.52 for the company and are anticipating that the company will post ($0.17) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Marin Software an industry rank of 184 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered shares of Marin Software from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th.
Shares of Marin Software (NYSE:MRIN) opened at 2.35 on Monday. Marin Software has a one year low of $1.88 and a one year high of $3.62. The company’s market capitalization is $90.81 million. The company has a 50-day moving average of $2.39 and a 200-day moving average of $2.42.
Marin Software (NYSE:MRIN) last posted its earnings results on Wednesday, November 9th. The company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.05. The company had revenue of $24 million for the quarter, compared to analyst estimates of $23.50 million. Marin Software had a negative net margin of 13.23% and a negative return on equity of 13.79%. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period last year, the business posted ($0.13) earnings per share. On average, analysts anticipate that Marin Software will post ($0.15) earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MRIN. Connor Clark & Lunn Investment Management Ltd. increased its position in Marin Software by 91.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,875 shares of the company’s stock worth $171,000 after buying an additional 32,500 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in Marin Software by 3.8% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,000,000 shares of the company’s stock worth $2,350,000 after buying an additional 36,900 shares during the period. D. E. Shaw & Co. Inc. increased its position in Marin Software by 30.1% in the third quarter. D. E. Shaw & Co. Inc. now owns 161,467 shares of the company’s stock worth $407,000 after buying an additional 37,395 shares during the period. A.R.T. Advisors LLC increased its position in Marin Software by 169.0% in the second quarter. A.R.T. Advisors LLC now owns 78,307 shares of the company’s stock worth $184,000 after buying an additional 49,200 shares during the period. Finally, KCG Holdings Inc. acquired a new position in Marin Software during the second quarter worth $128,000. 43.09% of the stock is owned by institutional investors and hedge funds.
Marin Software Company Profile
Marin Software Incorporated provides a cross-channel, cross-device, enterprise marketing software platform for search, display and social advertising channels. The Company’s enterprise marketing software platform is offered as an integrated software-as-a-service (SaaS) solution for advertisers and agencies.
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