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Marin Software (NASDAQ:MRIN) Chairman Christopher A. Lien acquired 12,805 shares of the company’s stock on the open market in a transaction dated Monday, August 11th. The shares were purchased at an average price of $7.97 per share, for a total transaction of $102,055.85. Following the completion of the transaction, the chairman now directly owns 25,615 shares in the company, valued at approximately $204,152. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on MRIN shares. Analysts at Goldman Sachs downgraded shares of Marin Software from a “buy” rating to a “neutral” rating in a research note on Wednesday. They now have a $9.00 price target on the stock, down previously from $13.00. Separately, analysts at Stifel Nicolaus cut their price target on shares of Marin Software from $16.00 to $14.00 in a research note on Thursday, August 7th. They now have a “buy” rating on the stock. Finally, analysts at TheStreet upgraded shares of Marin Software from a “sell” rating to a “hold” rating in a research note on Thursday, June 19th.

Shares of Marin Software (NASDAQ:MRIN) traded down 0.52% during mid-day trading on Wednesday, hitting $7.70. 600,781 shares of the company’s stock traded hands. Marin Software has a 52-week low of $7.30 and a 52-week high of $14.37. The stock’s 50-day moving average is $9.91 and its 200-day moving average is $10.22. The company’s market cap is $268.0 million.

Marin Software (NASDAQ:MRIN) last released its earnings data on Wednesday, August 6th. The company reported ($0.22) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.26) earnings per share. Marin Software’s revenue was up 31.3% compared to the same quarter last year. On average, analysts predict that Marin Software will post $-0.86 earnings per share for the current fiscal year.

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

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