Marin Software Incorporated (MRIN) Releases Earnings Results, Misses Estimates By $0.09 EPS
Marin Software Incorporated (NYSE:MRIN) announced its earnings results on Thursday. The software maker reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.09, Morningstar.com reports. The business had revenue of $18.74 million during the quarter. Marin Software had a negative net margin of 19.56% and a negative return on equity of 17.15%.
Shares of Marin Software (MRIN) traded down 13.04% during trading on Friday, hitting $1.00. 74,059 shares of the stock were exchanged. The company’s market cap is $39.42 million. Marin Software has a 12-month low of $1.00 and a 12-month high of $2.82. The firm has a 50 day moving average of $1.20 and a 200-day moving average of $1.62.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MRIN. Renaissance Technologies LLC raised its position in Marin Software by 2.1% in the fourth quarter. Renaissance Technologies LLC now owns 836,000 shares of the software maker’s stock worth $1,965,000 after buying an additional 17,209 shares during the last quarter. Spark Investment Management LLC raised its position in Marin Software by 47.3% in the first quarter. Spark Investment Management LLC now owns 70,392 shares of the software maker’s stock worth $126,000 after buying an additional 22,592 shares during the last quarter. Royce & Associates LP raised its position in Marin Software by 30.2% in the first quarter. Royce & Associates LP now owns 972,697 shares of the software maker’s stock worth $1,751,000 after buying an additional 225,347 shares during the last quarter. Finally, Penn Capital Management Co. Inc. raised its position in Marin Software by 1.0% in the second quarter. Penn Capital Management Co. Inc. now owns 737,758 shares of the software maker’s stock worth $959,000 after buying an additional 7,448 shares during the last quarter. 31.52% of the stock is currently owned by hedge funds and other institutional investors.
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About Marin Software
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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