Marin Software (NASDAQ:MRIN) Shares to Reverse Split on Monday, April 15th

Shares of Marin Software Incorporated (NASDAQ:MRIN) are set to reverse split on Monday, April 15th. The 1-6 reverse split was announced on Monday, April 15th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, April 15th.

Marin Software Trading Up 126.3 %

NASDAQ MRIN opened at $0.65 on Thursday. The company’s fifty day simple moving average is $0.34 and its 200-day simple moving average is $0.36. Marin Software has a 52 week low of $0.24 and a 52 week high of $0.94. The stock has a market cap of $11.74 million, a P/E ratio of -0.52 and a beta of 0.95.

Marin Software (NASDAQ:MRIN) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $4.35 million during the quarter. Marin Software had a negative net margin of 123.61% and a negative return on equity of 80.25%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Marin Software in a report on Saturday, April 6th. They issued a “hold” rating on the stock.

Institutional Trading of Marin Software

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Marin Software by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 225,264 shares of the company’s stock worth $649,000 after acquiring an additional 11,013 shares during the period. State Street Corp increased its holdings in shares of 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 acquiring an additional 6,542 shares during the period. Virtu Financial LLC acquired a new stake in shares of Marin Software in the 1st quarter worth about $50,000. Renaissance Technologies LLC increased its holdings in shares of Marin Software by 565.6% in the 2nd quarter. Renaissance Technologies LLC now owns 223,728 shares of the company’s stock worth $369,000 after acquiring an additional 190,113 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of Marin Software in the 2nd quarter worth about $28,000. Institutional investors own 9.45% 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 self-serves solutions and managed services.