Marin Software Incorporated (NYSE:MRIN) Could Burn Your Long Portfolio After More Shorts

March 21, 2018 - By Nellie Frank

 Marin Software Incorporated (NYSE:MRIN) Could Burn Your Long Portfolio After More Shorts

Investors sentiment increased to 0.8 in 2017 Q3. Its up 0.09, from 0.71 in 2017Q2. It increased, as 3 investors sold Marin Software Incorporated shares while 7 reduced holdings. 4 funds opened positions while 4 raised stakes. 7.35 million shares or 12.99% less from 8.45 million shares in 2017Q2 were reported.
Tower Research Lc (Trc) has invested 0% in Marin Software Incorporated (NYSE:MRIN). 40,000 were reported by State Of New Jersey Common Pension Fund D. State Street Corporation, a Massachusetts-based fund reported 19,300 shares. Crosslink reported 738,027 shares or 0.22% of all its holdings. Blackrock Inc holds 94,216 shares or 0% of its portfolio. Moreover, Renaissance Technology Limited has 0% invested in Marin Software Incorporated (NYSE:MRIN). California Employees Retirement Sys accumulated 32,200 shares. Stonebridge Cap Mgmt Incorporated reported 55,331 shares. Financial Bank Of New York Mellon owns 20,782 shares. 15,322 are owned by Dimensional Fund Advsr Ltd Partnership. Bank & Trust Of America Corp De invested 0% of its portfolio in Marin Software Incorporated (NYSE:MRIN). The Pennsylvania-based Vanguard Gp Inc has invested 0% in Marin Software Incorporated (NYSE:MRIN). Goldman Sachs Group Inc reported 69,905 shares. Royal National Bank Of Canada accumulated 26 shares. Temasek (Private) reported 0.03% in Marin Software Incorporated (NYSE:MRIN).

Since October 20, 2017, it had 3 insider purchases, and 0 sales for $5.14 million activity. Another trade for 4,000 shares valued at $38,700 was made by Walcott Wister on Thursday, January 25.

The stock of Marin Software Incorporated (NYSE:MRIN) registered an increase of 38.22% in short interest. MRIN’s total short interest was 65,100 shares in March as published by FINRA. Its up 38.22% from 47,100 shares, reported previously. With 8,900 shares average volume, it will take short sellers 7 days to cover their MRIN’s short positions. The short interest to Marin Software Incorporated’s float is 2.54%.

The stock increased 0.71% or $0.05 during the last trading session, reaching $7.05. About 7,402 shares traded. Marin Software Incorporated (NYSE:MRIN) has declined 39.81% since March 21, 2017 and is downtrending. It has underperformed by 56.51% the S&P500.

Marin Software Incorporated operates a cross-channel advertising cloud platform in the United States and internationally. The company has market cap of $40.43 million. The Company’s platform allows marketing professionals to manage their digital advertising spend across search, social, and display channels. It currently has negative earnings. The companyÂ’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; and Campaign Management module, which provides the digital advertiser with an interface to create, manage, and optimize campaigns across various publishers.

Marin Software Incorporated (NYSE:MRIN) Ratings Coverage

Among 3 analysts covering Marin Software (NYSE:MRIN), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Marin Software has $10 highest and $5 lowest target. $6.67’s average target is -5.39% below currents $7.05 stock price. Marin Software had 6 analyst reports since August 6, 2015 according to SRatingsIntel. UBS maintained the stock with “Buy” rating in Monday, February 22 report. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, May 6. Stifel Nicolaus maintained the shares of MRIN in report on Thursday, August 6 with “Buy” rating. The stock has “Buy” rating by UBS on Thursday, August 6. The rating was maintained by Deutsche Bank with “Buy” on Thursday, August 6. The company was downgraded on Thursday, August 25 by Stifel Nicolaus.

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