Marin Software Lowered to Neutral at Goldman Sachs (MRIN)
Marin Software (NASDAQ:MRIN) was downgraded by Goldman Sachs from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on MRIN. 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. Separately, analysts at TheStreet upgraded shares of Marin Software from a “sell” rating to a “hold” rating in a research note on Thursday, June 19th. Finally, 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.
Shares of Marin Software (NASDAQ:MRIN) opened at 7.74 on Wednesday. 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 $269.4 million.
Marin Software (NASDAQ:MRIN) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.26) earnings per share. The company’s revenue for the quarter was up 31.3% on a year-over-year basis. Analysts expect that Marin Software will post $-0.86 EPS for the current fiscal year.
Marin Software Incorporated provides cloud-based digital advertising management platform to advertisers and agencies.
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