Marin Software Incorporated (NYSE:MRIN) Announces Quarterly Earnings Results

Marin Software Incorporated (NYSE:MRIN) posted its quarterly earnings data on Thursday. The software maker reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.09, Morningstar.com reports. Marin Software had a negative return on equity of 20.49% and a negative net margin of 28.27%. The business had revenue of $18.74 million during the quarter.

Marin Software (NYSE MRIN) traded down 13.04% on Friday, reaching $1.00. The company’s stock had a trading volume of 151,483 shares. The stock’s market cap is $39.55 million. The company’s 50 day moving average price is $1.20 and its 200-day moving average price is $1.61. Marin Software has a 12-month low of $1.00 and a 12-month high of $2.82.

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Several institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LP increased 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 worth $1,560,000 after buying an additional 227,152 shares during the period. Renaissance Technologies LLC increased 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 period. Vanguard Group Inc. increased 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 worth $966,000 after buying an additional 276,491 shares during the period. Penn Capital Management Co. Inc. increased 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 period. Finally, Spark Investment Management LLC increased 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 period. Hedge funds and other institutional investors own 31.52% 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.

Earnings History for Marin Software (NYSE:MRIN)

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