Marin Software Incorporated [MRIN] Stock trading around $13.67 per share: What’s Next?

Marin Software Incorporated [NASDAQ: MRIN] slipped around -0.74 points on Wednesday, while shares priced at $13.67 at the close of the session, down -5.14%. The company report on June 24, 2021 that MarinOne Integrates With Instacart Ads.

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Marin Software now supports Instacart Ads on cross-channel ad management platform.

Marin Software, a leading provider of digital marketing software for performance-driven advertisers and agencies, has added the ability to manage Instacart Ads to its flagship MarinOne platform. This integration makes it easier for brands to connect with customers directly at the point of sale.

Marin Software Incorporated stock is now 576.73% up from its year-to-date (YTD) trading value. MRIN Stock saw the intraday high of $15.00 and lowest of $12.76 per share. The company’s 52-week high price is 27.26, which means current price is +920.15% above from all time high which was touched on 07/06/21.

Compared to the average trading volume of 22.32M shares, MRIN reached a trading volume of 5630624 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Marin Software Incorporated [MRIN]?

Stifel have made an estimate for Marin Software Incorporated shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 25, 2016. While these analysts kept the previous recommendation, Stifel dropped their target price from $8 to $6. The new note on the price target was released on May 06, 2016, representing the official price target for Marin Software Incorporated stock. Previously, the target price had yet another drop from $13 to $10, while UBS kept a Buy rating on MRIN stock. On August 06, 2015, analysts decreased their price target for MRIN shares from 14 to 10.

The Average True Range (ATR) for Marin Software Incorporated is set at 3.53, with the Price to Sales ratio for MRIN stock in the period of the last 12 months amounting to 5.53. The Price to Book ratio for the last quarter was 8.39, with the Price to Cash per share for the same quarter was set at 1.32.

How has MRIN stock performed recently?

Marin Software Incorporated [MRIN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -28.95. With this latest performance, MRIN shares gained by 728.48% in over the last four-week period, additionally plugging by 462.55% over the last 6 months – not to mention a rise of 920.15% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MRIN stock in for the last two-week period is set at 56.85, with the RSI for the last a single of trading hit 52.84, and the three-weeks RSI is set at 58.76 for Marin Software Incorporated [MRIN]. The present Moving Average for the last 50 days of trading for this stock 5.12, while it was recorded at 15.51 for the last single week of trading, and 2.78 for the last 200 days.

Marin Software Incorporated [MRIN]: Deeper insight into the fundamentals

Marin Software Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.

Earnings analysis for Marin Software Incorporated [MRIN]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MRIN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Marin Software Incorporated go to 20.00%.

Insider trade positions for Marin Software Incorporated [MRIN]

There are presently around $18 million, or 21.50% of MRIN stock, in the hands of institutional investors. The top three institutional holders of MRIN stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 434,543, which is approximately -18.081% of the company’s market cap and around 2.10% of the total institutional ownership; SAPPHIRE VENTURES, L.L.C., holding 194,111 shares of the stock with an approximate value of $2.65 million in MRIN stocks shares; and ACADIAN ASSET MANAGEMENT LLC, currently with $2.52 million in MRIN stock with ownership of nearly 252.37% of the company’s market capitalization.

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9 institutional holders increased their position in Marin Software Incorporated [NASDAQ:MRIN] by around 336,926 shares. Additionally, 8 investors decreased positions by around 122,339 shares, while 5 investors held positions by with 862,403 shares. The mentioned changes placed institutional holdings at 1,321,668 shares, according to the latest SEC report filing. MRIN stock had 3 new institutional investments in for a total of 82,085 shares, while 5 institutional investors sold positions of 26,289 shares during the same period.

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