ValuEngine upgraded shares of Marin Software Incorporated (NYSE:MRIN) from a sell rating to a hold rating in a research report report published on Friday morning.

Shares of Marin Software (NYSE MRIN) opened at 14.80 on Friday. The firm’s 50-day moving average price is $10.75 and its 200 day moving average price is $10.15. The company’s market cap is $83.61 million. Marin Software has a 12 month low of $2.00 and a 12 month high of $19.19.

Marin Software (NYSE:MRIN) last issued its earnings results on Thursday, August 10th. The software maker reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.09). The firm had revenue of $18.74 million for the quarter. Marin Software had a negative return on equity of 21.25% and a negative net margin of 28.27%. Equities research analysts anticipate that Marin Software will post ($0.33) earnings per share for the current fiscal year.

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In other news, major shareholder Esw Capital, Llc bought 398,447 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average price of $1.10 per share, for a total transaction of $438,291.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have purchased 1,615,084 shares of company stock valued at $2,175,795. Insiders own 9.70% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Spark Investment Management LLC lifted 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 valued at $126,000 after acquiring an additional 22,592 shares during the last quarter. Penn Capital Management Co. Inc. lifted 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 valued at $959,000 after acquiring an additional 7,448 shares during the last quarter. Vanguard Group Inc. lifted its position in Marin Software by 59.3% in the second quarter. Vanguard Group Inc. now owns 742,727 shares of the software maker’s stock valued at $966,000 after acquiring an additional 276,491 shares during the last quarter. Finally, Royce & Associates LP lifted its position in Marin Software by 23.4% in the second quarter. Royce & Associates LP now owns 1,199,849 shares of the software maker’s stock valued at $1,560,000 after acquiring an additional 227,152 shares during the last quarter. Hedge funds and other institutional investors own 27.77% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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