Marin Software Director Purchases $390,000 in Stock (MRIN)
Marin Software (NASDAQ:MRIN) Director Bruce Dunlevie purchased 50,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average cost of $7.80 per share, with a total value of $390,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Marin Software (NASDAQ:MRIN) traded down 0.13% on Friday, hitting $7.58. 354,875 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 $9.6 and its 200-day moving average is $10.18. The company’s market cap is $263.8 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 $-0.86 earnings per share for the current fiscal year.
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.
Marin Software Incorporated provides cloud-based digital advertising management platform to advertisers and agencies.
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