Marin Software (NYSE:MRIN) Shares Pass Below 50 Day Moving Average of $3.02

Shares of Marin Software Inc (NYSE:MRIN) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.02 and traded as low as $2.52. Marin Software shares last traded at $2.52, with a volume of 115 shares trading hands.

The stock’s fifty day moving average price is $2.89.

Marin Software (NYSE:MRIN) last released its quarterly earnings data on Thursday, May 9th. The software maker reported ($0.62) EPS for the quarter. The business had revenue of $13.45 million for the quarter.

A number of hedge funds have recently added to or reduced their stakes in MRIN. Barclays PLC lifted its position in Marin Software by 11,420.5% during the fourth quarter. Barclays PLC now owns 19,700 shares of the software maker’s stock valued at $105,000 after purchasing an additional 19,529 shares in the last quarter. Two Sigma Investments LP purchased a new position in Marin Software during the fourth quarter valued at $307,000. Finally, Jane Street Group LLC purchased a new position in Marin Software during the fourth quarter valued at $108,000. Institutional investors own 16.56% of the company’s stock.

Marin Software Company Profile (NYSE:MRIN)

Marin Software Incorporated operates a cross-channel, cross-device, enterprise marketing software platform in the United States and internationally. Its platform allows marketing professionals to manage their digital advertising spend across search, social, and display advertising channels. The company's platform consists of various modules, including Optimization module that helps advertisers to manage bids across publishers to meet revenue goals and identify opportunities for campaign improvements; Reporting and Analytics module that enables advertisers to report results at a business level and analyze cross-channel performance trends; Campaign Management module, which provides the digital advertiser with an interface to create, manage, and optimize campaigns across various publishers; and Connect module that enables advertisers to automate and streamline the capture of revenue, cost, and audience data from a range of sources, such as advertisement servers, analytics systems, CRM platforms, publishers, and third party databases.

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