Marin Software (NYSE:MRIN) posted its earnings results on Thursday. The software maker reported ($0.47) earnings per share (EPS) for the quarter, Morningstar.com reports. The firm had revenue of $12.48 million during the quarter.
NYSE MRIN traded up $0.08 during mid-day trading on Friday, reaching $2.09. 92,427 shares of the company’s stock traded hands, compared to its average volume of 170,918. Marin Software has a 1-year low of $1.76 and a 1-year high of $12.00. The firm’s fifty day simple moving average is $2.31.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC grew its stake in Marin Software by 66.8% during the 2nd quarter. Acadian Asset Management LLC now owns 28,692 shares of the software maker’s stock valued at $70,000 after purchasing an additional 11,487 shares in the last quarter. Jane Street Group LLC acquired a new stake in Marin Software during the 4th quarter valued at approximately $108,000. Two Sigma Investments LP acquired a new stake in Marin Software during the 4th quarter valued at approximately $307,000. Finally, Barclays PLC grew its stake in Marin Software by 11,420.5% during the 4th 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. Hedge funds and other institutional investors own 16.56% of the company’s stock.
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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