Marin Software (MRIN) Sees Large Volume Increase

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Marin Software Inc (NYSE:MRIN) saw unusually-strong trading volume on Tuesday . Approximately 7,223,617 shares traded hands during mid-day trading, an increase of 15,857% from the previous session’s volume of 45,269 shares.The stock last traded at $3.72 and had previously closed at $2.56.

Marin Software (NYSE:MRIN) last posted its earnings results on Tuesday, November 13th. The software maker reported ($0.91) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.89). The business had revenue of $13.15 million during the quarter.

An institutional investor recently raised its position in Marin Software stock. Renaissance Technologies LLC grew its stake in Marin Software Inc (NYSE:MRIN) by 14.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,240 shares of the software maker’s stock after acquiring an additional 23,472 shares during the quarter. Renaissance Technologies LLC owned about 3.20% of Marin Software worth $1,063,000 at the end of the most recent quarter. 16.56% of the stock is owned by institutional investors.

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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.

Further Reading: What are the components of an earnings report?

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