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Stock analysts at Stifel Nicolaus lowered their price objective on shares of Marin Software (NASDAQ:MRIN) from $16.00 to $14.00 in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 57.48% from the company’s current price.

Shares of Marin Software (NASDAQ:MRIN) traded down 12.26% on Thursday, hitting $7.80. The stock had a trading volume of 327,461 shares. Marin Software has a 52 week low of $8.41 and a 52 week high of $14.37. The stock has a 50-day moving average of $10.42 and a 200-day moving average of $10.28. The company’s market cap is $259.9 million.

Marin Software (NASDAQ:MRIN) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.22) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.27) by $0.05. The company had revenue of $23.90 million for the quarter, compared to the consensus estimate of $23.17 million. During the same quarter in the prior year, the company posted ($0.26) earnings per share. The company’s quarterly revenue was up 31.3% on a year-over-year basis. On average, analysts predict that Marin Software will post $-0.88 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of Marin Software from a “sell” rating to a “hold” rating in a research note on Thursday, June 19th. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Marin Software in a research note on Tuesday, June 3rd. They now have a $20.00 price target on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of Marin Software from $16.00 to $13.00 in a research note on Thursday, May 22nd.

Marin Software Incorporated provides cloud-based digital advertising management platform to advertisers and agencies.

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