Marin Software Incorporated [MRIN] Investment Guide: What You Need to Know


Marin Software Incorporated’s filing revealed that its CEO Lien Christopher A. unloaded Company’s shares for reported $4678.0 on Sep 01. In the deal valued at $0.46 per share,10,239 shares were sold. As a result of this transaction, Lien Christopher A. now holds 26,989 shares worth roughly $ 11605.27.

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Then, Lien Christopher A. sold 10,146 shares, generating $4,770 in total proceeds. Upon selling the shares at $0.47, the CEO now owns 37,228 shares.

Before that, Lien Christopher A. sold 8,377 shares. Marin Software Incorporated shares valued at $8,993 were divested by the CEO at a price of $1.07 per share. As a result of the transaction, Lien Christopher A. now holds 0 shares, worth roughly $0.0.

Stifel downgraded its Marin Software Incorporated [MRIN] rating to a Hold from a a Buy in a research note published on Tuesday.

Price Performance Review of MRIN

On Tuesday, Marin Software Incorporated [NASDAQ:MRIN] saw its stock fall -5.46% to $0.43. On the same session, the stock had its day’s lowest price of $0.4256, but rose to a high of $0.4623. Over the last five days, the stock has lost -7.28%. Marin Software Incorporated shares have fallen nearly -57.44% since the year began. Nevertheless, the stocks have fallen -75.54% over the past one year. While a 52-week high of $1.85 was reached on 02/01/23, a 52-week low of $0.41 was recorded on 08/22/23. SMA at 50 days reached $0.6091, while 200 days put it at $0.8740. A total of 1.86 million shares were traded, compared to the trading of 75700.0 shares in the previous session.

Levels Of Support And Resistance For MRIN Stock

The 24-hour chart illustrates a support level at 0.4134, which if violated will result in even more drops to 0.4011. On the upside, there is a resistance level at 0.4501. A further resistance level may holdings at 0.4745. The Relative Strength Index (RSI) on the 14-day chart is 28.08, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0343, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.42%. Stochastics %K at 13.05% indicates the stock is a buying.

How much short interest is there in Marin Software Incorporated?

A steep rise in short interest was recorded in Marin Software Incorporated stocks on Aug 14, 2023, growing by 11800.0 shares to a total of 0.37 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.36 million shares. There was a rise of 3.15%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.20% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.25.

Marin Software Incorporated [MRIN] – Who Are The Largest Shareholders?

In filings from Royce & Associates LP, it is revealed that the company now owns 947,091 shares, or roughly 5.49% of the outstanding MRIN shares. In other words, the investor’s shares have fallen by -200,000 from its previous 13-F filing of 1147091.0. At present, Citadel Securities LLC is holding 53,855 shares valued at $36621.0. SSgA Funds Management, Inc. owned 50,885 shares of the company at the time of its most recent 13F filing, worth $34602.0.

According to FactSet, Marin Software Incorporated’s share price will average $14.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 3011.11 percent from its previous closing price of $0.45. Analysts expect Marin Software Incorporated stock to reach the higher price of $14.00, while the lowest price estimate is $14.00. However, 1 analyst have rated MRIN stock as a Hold in their predictions for 2023.


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