Marin Software (NYSE:MRIN) Stock Passes Below 200 Day Moving Average of $1.42

Shares of Marin Software Inc (NYSE:MRIN) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.42 and traded as low as $1.35. Marin Software shares last traded at $1.41, with a volume of 70,296 shares trading hands.

The company’s 50-day moving average price is $1.42 and its 200 day moving average price is $1.42.

Marin Software (NYSE:MRIN) last announced its quarterly earnings data on Thursday, May 7th. The software maker reported ($0.51) EPS for the quarter. The firm had revenue of $8.66 million for the quarter.

A hedge fund recently raised its stake in Marin Software stock. Renaissance Technologies LLC raised its stake in Marin Software Inc (NYSE:MRIN) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 326,537 shares of the software maker’s stock after acquiring an additional 13,900 shares during the period. Renaissance Technologies LLC owned approximately 4.91% of Marin Software worth $451,000 as of its most recent SEC filing. Institutional investors and hedge funds own 16.56% of the company’s stock.

About Marin Software (NYSE:MRIN)

Marin Software Incorporated operates a cross-channel, cross-device, enterprise marketing software platform in the United States and internationally. Its platform allows marketing professionals to manage their digital advertising spend across search, social, and display advertising channels. The company's platform consists of various modules, including Optimization module that helps advertisers to manage bids across publishers to meet revenue goals and identify opportunities for campaign improvements; Reporting and Analytics module that enables advertisers to report results at a business level and analyze cross-channel performance trends; Campaign Management module, which provides the digital advertiser with an interface to create, manage, and optimize campaigns across various publishers; and Connect module that enables advertisers to automate and streamline the capture of revenue, cost, and audience data from a range of sources, such as advertisement servers, analytics systems, CRM platforms, publishers, and third party databases.

Read More: What are the FAANG Stocks?

Receive News & Ratings for Marin Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marin Software and related companies with's FREE daily email newsletter.