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

StockNews.com assumed coverage on shares of Marin Software (NASDAQ:MRIN) in a report issued on Thursday. The firm issued a hold rating on the stock.

Marin Software Trading Up 30.7 %

MRIN opened at $3.15 on Thursday. Marin Software has a 12 month low of $1.44 and a 12 month high of $5.45. The stock has a 50-day moving average of $2.13 and a 200 day moving average of $2.19.

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

Institutional Trading of Marin Software

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake 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 buying an additional 11,013 shares in the last quarter. State Street Corp raised its stake 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 buying an additional 6,542 shares in the last quarter. Virtu Financial LLC bought a new position in Marin Software in the first quarter worth approximately $50,000. Renaissance Technologies LLC raised its stake 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 buying an additional 190,113 shares in the last quarter. Finally, Millennium Management LLC bought a new position in Marin Software in the second quarter worth approximately $28,000. Institutional investors 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.