Marin Software Shares Up 5.2% on Better-Than-Expected Earnings (MRIN)
Marin Software (NASDAQ:MRIN) shares shot up 5.2% on Thursday after the company announced better than expected quarterly earnings, Analyst Ratings Network.com reports. The stock traded as high as $9.25 and last traded at $8.92, with a volume of 169,534 shares changing hands. The stock had previously closed at $8.48.
The company reported ($0.21) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.27) by $0.06. The company had revenue of $22.80 million for the quarter, compared to the consensus estimate of $21.64 million. During the same quarter last year, the company posted ($0.39) earnings per share. Marin Software’s revenue was up 32.6% compared to the same quarter last year.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Marin Software in a research note on Thursday. They now have a $16.00 price target on the stock, down previously from $18.00. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Marin Software in a research note on Wednesday, February 12th. They now have a $20.00 price target on the stock.
The stock has a 50-day moving average of $9.81 and a 200-day moving average of $10.26. The company’s market cap is $291.8 million.
Marin Software Incorporated provides cloud-based digital advertising management platform to advertisers and agencies.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.