Marin Software Director Paul R. Auvil III Acquires 21,233 Shares (MRIN)
Marin Software (NASDAQ:MRIN) Director Paul R. Auvil III purchased 21,233 shares of Marin Software stock in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average price of $7.71 per share, for a total transaction of $163,706.43. Following the purchase, the director now directly owns 21,750 shares of the company’s stock, valued at approximately $167,693. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Marin Software (NASDAQ:MRIN) traded down 0.13% on Friday, hitting $7.58. The stock had a trading volume of 354,875 shares. Marin Software has a 1-year low of $7.30 and a 1-year high of $14.37. The stock has a 50-day moving average of $9.56 and a 200-day moving average of $10.17. The company’s market cap is $263.8 million.
Marin Software (NASDAQ:MRIN) last announced its earnings results 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. Analysts expect that Marin Software will post $-0.86 EPS 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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