Marin Software (NASDAQ:MRIN) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Marin Software (NASDAQ:MRIN) in a report released on Monday. The firm set a “hold” rating on the stock.

Marin Software Stock Up 15.3 %

Shares of NASDAQ:MRIN opened at $0.32 on Monday. The business has a fifty day simple moving average of $0.40. Marin Software has a 52 week low of $0.27 and a 52 week high of $1.84. The stock has a market cap of $5.72 million, a PE ratio of -0.25 and a beta of 0.53.

Institutional Trading of Marin Software

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC bought a new position in Marin Software during the second quarter valued at $28,000. Virtu Financial LLC purchased a new stake in Marin Software in the 1st quarter worth about $50,000. State Street Corp raised its position in Marin Software by 14.8% in the 1st quarter. State Street Corp now owns 50,885 shares of the company’s stock worth $147,000 after purchasing an additional 6,542 shares during the period. Renaissance Technologies LLC lifted its stake in Marin Software by 565.6% in the second quarter. Renaissance Technologies LLC now owns 223,728 shares of the company’s stock worth $369,000 after purchasing an additional 190,113 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Marin Software by 5.1% during the first quarter. Vanguard Group Inc. now owns 225,264 shares of the company’s stock valued at $649,000 after buying an additional 11,013 shares during the period. Hedge funds and other institutional investors own 10.12% of the company’s stock.

About Marin Software

Marin Software Incorporated, together with its subsidiaries, provides enterprise marketing software for advertisers and agencies in the United States, the United Kingdom, and internationally. It offers MarinOne, a search, social, and eCommerce advertising platform, as well as managed services. The company markets and sells its solutions to advertisers directly, and through advertising agencies that use its platform on behalf of their customers.