Marin Software (NYSE:MRIN) Stock Price Passes Below Two Hundred Day Moving Average of $3.20

Marin Software Inc (NYSE:MRIN)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.20 and traded as low as $2.46. Marin Software shares last traded at $2.46, with a volume of 100 shares.

The firm’s 50 day moving average price is $2.52 and its 200-day moving average price is $3.20.

Marin Software (NYSE:MRIN) last issued its earnings results on Thursday, August 8th. The software maker reported ($0.47) EPS for the quarter. The company had revenue of $12.48 million during the quarter.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC lifted its holdings in shares of Marin Software by 66.8% during the second quarter. Acadian Asset Management LLC now owns 28,692 shares of the software maker’s stock valued at $70,000 after acquiring an additional 11,487 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Marin Software by 4.0% during the second quarter. Renaissance Technologies LLC now owns 306,678 shares of the software maker’s stock valued at $754,000 after acquiring an additional 11,800 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Marin Software by 113.2% during the second quarter. Vanguard Group Inc. now owns 142,329 shares of the software maker’s stock valued at $350,000 after acquiring an additional 75,585 shares during the period. 16.56% of the stock is owned by institutional investors.

About Marin Software (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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