Marin Software Director Acquires $390,000 in Stock (MRIN)
Marin Software (NASDAQ:MRIN) Director Bruce Dunlevie purchased 50,000 shares of Marin Software stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this link.
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 52-week low of $7.30 and a 52-week 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 issued its quarterly 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.
MRIN has been the subject of a number of recent research reports. 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.
Receive News & Ratings for Marin Software Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marin Software Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.