Marin Software Inc (MRIN) was Downgraded by Stifel to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Aug 25, 2016.
On the company’s financial health, Marin Software Inc reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.07. The company had revenue of $25.80 million for the quarter, compared to analysts expectations of $25.15 million. The company’s revenue was down -3.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.20 EPS.
Marin Software Inc closed down -0.09 points or -3.30% at $2.64 with 54,232 shares getting traded on Tuesday. Post opening the session at $2.71, the shares hit an intraday low of $2.63 and an intraday high of $2.75 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
Marin Software Incorporated provides a cross-channel advertising cloud platform. The Company’s platform enables digital marketers in performance of their online advertising campaigns. Its integrated platform is a software-as-a-service (SaaS) analytics workflow and optimization solution for marketing professionals. Advertisers use its platform to create target and convert audiences based on buying signals from users’ search social and display interactions. Its platform is integrated with publishers such as Baidu Bing Facebook Google Twitter Yandex Yahoo! and Yahoo! Japan. Additionally it has integrations with around 45 Web analytics and advertisement-serving solutions and enterprise applications enabling customers to measure the return on investment of their marketing programs. Its hardware consists of servers and network infrastructure. Its operating system is Linux. Its software platform is character-set language currency and time-zone independent.