Marin Software Inc (NASDAQ:MRIN) shares traded 126.30% higher at $0.65 on Wall Street last session.
MRIN stock price is now 90.70% away from the 50-day moving average and 49.88% away from the 200-day moving average. The market capitalization of the company currently stands at $11.74M.
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On May 06, 2016, Stifel reiterated its ‘Buy’ rating on the stock by increasing its target price from $8 to quote $6, while ‘UBS’ rates the stock as ‘Buy’
In other news, Bertz Robert, CFO sold 31,178 shares of the company’s stock on Sep 08 ’23. The stock was sold for $18,841 at an average price of $0.60. Upon completion of the transaction, the CFO now directly owns 38,281 shares in the company, valued at $24882.65. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 06 ’23, CEO Lien Christopher A. sold 36,915 shares of the business’s stock. A total of $24,275 was realized by selling the stock at an average price of $0.66. This leaves the insider owning 142,427 shares of the company worth $92577.55. A total of 6.11% of the company’s stock is owned by insiders.
During the past 12 months, Marin Software Inc has had a low of $0.24 and a high of $0.95. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 3.92, and a quick ratio of 3.92. The fifty day moving average price for MRIN is $0.3412 and a two-hundred day moving average price translates $0.4342 for the stock.
The latest earnings results from Marin Software Inc (NASDAQ: MRIN) was released for Dec, 2023. According to the Software – Application Company, earnings per share came in at -$0.35, missing analysts’ expectations of -$0.1 by -0.25. This compares to -$0.32 EPS in the same period last year. The net profit margin was -123.61% and return on equity was -94.57% for MRIN. The company reported revenue of $4.35 million for the quarter, compared to $5.16 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.71 percent. For the current quarter, analysts expect MRIN to generate $115M in revenue.
