StockNews.com Initiates Coverage on Marin Software (NASDAQ:MRIN)

Analysts at StockNews.com began coverage on shares of Marin Software (NASDAQ:MRIN) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the stock.

Marin Software Stock Down 6.7 %

NASDAQ:MRIN opened at $2.94 on Thursday. The company has a market cap of $8.85 million, a P/E ratio of -0.39 and a beta of 0.95. Marin Software has a twelve month low of $1.44 and a twelve month high of $5.45. The business has a 50 day moving average price of $2.14 and a two-hundred day moving average price of $2.19.

Marin Software (NASDAQ:MRIN) last announced its earnings results on Thursday, February 22nd. The company reported ($0.60) EPS for the quarter. The business had revenue of $4.35 million for the quarter. Marin Software had a negative return on equity of 80.25% and a negative net margin of 123.61%.

Institutional Trading of Marin Software

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC bought a new position in Marin Software in the second quarter valued at approximately $28,000. Virtu Financial LLC bought a new position in shares of Marin Software in the first quarter valued at $50,000. State Street Corp increased its holdings 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 last quarter. Renaissance Technologies LLC raised its position in Marin Software by 565.6% during the second quarter. Renaissance Technologies LLC now owns 223,728 shares of the company’s stock worth $369,000 after acquiring an additional 190,113 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Marin Software by 5.1% during the first 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. Institutional investors and hedge funds own 9.45% of the company’s stock.

About Marin Software

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.