Marin Software Inc (NYSE:MRIN) shares fell 7% on Friday . The company traded as low as $6.61 and last traded at $6.68. 743,000 shares were traded during mid-day trading, a decline of 34% from the average session volume of 1,125,969 shares. The stock had previously closed at $7.18.
Marin Software (NYSE:MRIN) last posted its quarterly earnings results on Tuesday, November 13th. The software maker reported ($0.91) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.89). The firm had revenue of $13.15 million during the quarter.
In related news, major shareholder Esw Capital, Llc sold 256,693 shares of the company’s stock in a transaction on Wednesday, December 26th. The shares were sold at an average price of $7.36, for a total value of $1,889,260.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 9.70% of the stock is owned by corporate insiders.
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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.
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