Marin Software (NASDAQ:MRIN) Shares Down 10.6%

Marin Software Incorporated (NASDAQ:MRIN)’s stock price fell 10.6% on Monday . The stock traded as low as $4.97 and last traded at $5.06. 1,174,659 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 10,181,311 shares. The stock had previously closed at $5.66.

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.71 and a quick ratio of 1.71. The firm’s 50 day moving average is $6.70 and its two-hundred day moving average is $4.63. The firm has a market capitalization of $78.26 million, a P/E ratio of -3.86 and a beta of 0.23.

Marin Software (NASDAQ:MRIN) last released its earnings results on Friday, July 30th. The company reported ($0.25) earnings per share for the quarter. Marin Software had a negative net margin of 42.77% and a negative return on equity of 70.88%. The firm had revenue of $6.09 million during the quarter.

In other Marin Software news, EVP Wister Walcott sold 8,000 shares of Marin Software stock in a transaction on Wednesday, August 4th. The shares were sold at an average price of $6.05, for a total transaction of $48,400.00. Following the completion of the transaction, the executive vice president now directly owns 94,903 shares of the company’s stock, valued at $574,163.15. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brian K. Kinion sold 15,000 shares of Marin Software stock in a transaction on Monday, August 9th. The stock was sold at an average price of $6.00, for a total transaction of $90,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,217 shares of company stock valued at $399,722. Company insiders own 6.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC lifted its holdings in shares of Marin Software by 252.4% during the first quarter. Acadian Asset Management LLC now owns 184,173 shares of the company’s stock worth $328,000 after buying an additional 131,906 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Marin Software by 619.7% in the first quarter. Dimensional Fund Advisors LP now owns 93,988 shares of the company’s stock valued at $167,000 after purchasing an additional 80,928 shares in the last quarter. Virtu Financial LLC acquired a new position in Marin Software in the first quarter valued at about $142,000. Geode Capital Management LLC raised its stake in Marin Software by 66.0% in the second quarter. Geode Capital Management LLC now owns 62,821 shares of the company’s stock valued at $674,000 after purchasing an additional 24,976 shares in the last quarter. Finally, Ground Swell Capital LLC acquired a new position in Marin Software in the second quarter valued at about $279,000. 5.97% of the stock is owned by institutional investors.

About Marin Software (NASDAQ:MRIN)

Marin Software, Inc is a cloud-based digital advertising management company. It provides cross-channel, cross-device, enterprise marketing software platform for search, social and display advertising channels, offered as a software-as-a-service. The firm’s integrated platform is an analytics, workflow and optimization solutions for marketing professionals, allowing them to manage their digital advertising spend across search and display advertising channels.

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