Stifel Nicolaus Reiterates Buy Rating for Marin Software (MRIN)
Marin Software (NASDAQ:MRIN)‘s stock had its “buy” rating restated by stock analysts at Stifel Nicolaus in a report issued on Thursday, Analyst Ratings.Net reports. They currently have a $16.00 price target on the stock, down from their previous price target of $18.00. Stifel Nicolaus’ price target would suggest a potential upside of 88.68% from the stock’s previous close.
Separately, 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.
Shares of Marin Software (NASDAQ:MRIN) traded up 4.13% on Thursday, hitting $8.83. The stock had a trading volume of 287,603 shares. Marin Software has a 52-week low of $8.41 and a 52-week high of $14.51. The stock’s 50-day moving average is $9.81 and its 200-day moving average is $10.26. The company’s market cap is $291.0 million.
Marin Software (NASDAQ:MRIN) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.21) EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted ($0.39) earnings per share. The company’s quarterly revenue was up 32.6% on a year-over-year basis. Analysts expect that Marin Software will post $-0.92 EPS for the current fiscal year.
Marin Software Incorporated provides cloud-based digital advertising management platform to advertisers and agencies.
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