Insider Selling: Joseph Chang Sells 2,900 Shares of Marin Software Stock (MRIN)
Marin Software (NASDAQ:MRIN) Insider Joseph Chang sold 2,900 shares of the company’s stock on the open market in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $10.05, for a total transaction of $29,145.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Marin Software in a research note to investors on Thursday, November 7th. They now have a $20.00 price target on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Marin Software in a research note to investors on Thursday, November 7th. They now have a $18.00 price target on the stock, down previously from $20.00. Five investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $20.00.
Shares of Marin Software (NASDAQ:MRIN) remained flat at $10.01 during during mid-day trading trading on Wednesday. 122,476 shares of the company’s stock traded hands. Marin Software has a 1-year low of $8.50 and a 1-year high of $19.95. The stock has a 50-day moving average of $9.95 and a 200-day moving average of $11.42. The company’s market cap is $326.6 million.
Marin Software (NASDAQ:MRIN) last released its earnings data on Wednesday, November 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.04. The company had revenue of $20.10 million for the quarter, compared to the consensus estimate of $19.84 million. During the same quarter in the previous year, the company posted ($0.28) earnings per share. The company’s revenue for the quarter was up 29.7% on a year-over-year basis. Analysts expect that Marin Software will post $-1.08 EPS for the current fiscal year.
Marin Software Incorporated provides cloud-based digital advertising management platform to advertisers and agencies.
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