Marin Software stock forecast is $14, according to 3 Wall Street analysts, with a +516% potential gain.
The stock is currently at the bottom of a broad, downward trend. Analysts expect that if the stock goes below the barrier price of $2.14, the stock could drop, even reaching $1.63 by the next three months.
Headquartered in San Francisco and with a global presence, (NASDAQ: MRIN) Marin Software Inc. is a leading digital marketing software provider for a number of top advertisers and agencies across the world, allowing them to have better financial decision-making.
The tech company recently announced its first-quarter (ending 31st March 2022) financial performance report, according to which it was able to earn net revenue of $5.2 million.
Marin Software underperformed by 18% on a year-to-year basis, as it had earned $6.3 million net revenue during the first quarter of 2021.
GAAP loss from operations amounted to $5.3 million, as opposed to $2.5 million during the same period last year.
As per the forward-looking financial outlook provided by the company, Marin Software is looking to earn net revenue of $4.5 to $5.0 million in the next quarter (ending 30th June 2022), and non-GAAP loss from operations between the range of 4.6 to 4.1 million.
Apart from the financial results, the company also shared highlights of various initiatives it took during the quarter. The most prominent of these product features related to the launch of support for TikTok to allow advertisers better connect with the consumer base on the fastest-growing digital network. Similarly, it made managing and linking support on LinkedIn easier by providing better support to advertisers using the platform.
Another major highlight of the first quarter included the introduction of Amazon inventory, allowing retailers on the e-commerce platform to see products side-by-side and ensure better inventory management.
In the forward-looking statement, Marin Software also discussed how the company sees itself in the future amid changing regulatory environment and the impact of covid-19 in the near future.
The company also talked about its mission to ensure efficient and transparent paid campaigns for advertisers across several platforms.
The Stock Forecast Places Marin Software Inc. (RIN) Near the Top of Its Sector.
Forecasts for the stock market place Marin Software Inc. (MRIN) near the top of its sector. The overall rating for MRIN is 51. According to that, it is ranked higher than 51% of the stocks in its sector. In the Software-Application category, Marin Software Inc. is ranked number 71. Software-Application is ranked 104th out of 148.
These Ratings-What Do They Mean?
It might be difficult to analyze stocks. The numbers and ratios might be hard to keep track of, and it can be tough to know which values are considered to be “good.” Investors can easily understand our ratings since we percentile rate most of them. With a score of 51, the stock outperforms 51% of its peers in terms of investment appeal.
Analysts use this rating system to evaluate equities in greater depth based on a variety of characteristics. This makes it easy to locate the top stocks in any industry. Using these percentile-ranked ratings based on both fundamental and technical research, investors can quickly determine which companies are the most appealing to them as long-term holdings. Analysts on Wall Street tend to place the most value on the stocks with the highest ratings.
Is Marin Software Inc.’s stock up or down?
Marin Software Inc.’s (MRIN) Shares were up $0.01, or 0.56 percent, from the previous close of $1.76 at 12:22 PM Eastern Standard Time on Friday, September 9. So far today, the stock has fluctuated between $1.765 and $1.80. Today’s volume is lower than normal. In comparison to the usual volume of 241,490 shares, 113,571 shares have been moved so far. To see the whole Marin Software Inc. stock report, please click here.
Marin Software Inc, Stock Forecast: Partnering With Amazon.com Could Affect Marin Software’s Future Stock
Marin Software (NASDAQ:MRIN), a marketing and business software startup, must be seeing stars. After announcing a significant partnership with Amazon.com (AMZN Stock Forecast), MRIN’s shares rose by more than a quarter.
Marin, the best-known advertising management system for optimizing your results, has unveiled a new interface to the Amazon Ads Demand Platform (DSP). Marie will allow companies to monitor, manage and improve their Amazon advertising efforts. Marin has collected more than $40 billion in digital ad spending over the past decade. That makes Marin an industry standard.
Amazon DSP allows marketers to select where, when, and for whom they want to place their ads across multiple platforms. As a result, it is used by hundreds of organizations to reach customers they might not otherwise be able to. Amazon DSP is used by over 148 million people every month.
Chris Lien, CEO of Marin, had good words to say about each other. “Amazon’s presence is an important factor in the growth of the retail business. Our customers can now access various formats, placements, and audiences for Amazon program programs through our integration with Amazon DSP. enables us to offer our customers a greater return on their e-commerce advertising investment.”
Marin Software Stock Forecast
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On April 26th, 2022, it received a buy signal and has since risen 0.88 percent. It is likely to increase further until a new top pivot can be found. There have been negative signals sent, which may affect the near-term course. Both the long-term and short-term moving indicate a bearish outlook for Marin Software Incorporated. The long-term average is also higher than the short-term average, which means a broad sell signal.
The lines will provide resistance to upward corrections at $2.31 & $2.70. If the price rises above these levels, buy signals will be sent. The three-month Moving Average Convergence divergence issued a sell signal (MACD). The market saw a decline in volume and price on the last trading day, which was positive. It is important to remember that trading this stock can be difficult at times, which increases the overall risk.
Marin Software Incorporated may benefit from the $2.28 accumulated volume as a buying opportunity since an upward response can be predicted when the support level has been challenged.
Because the potential for volatility (sizeable daily price swings) is considered “high-risk.” Between its high and lowest point during the previous day, the stock price fluctuated by approximately 5.18 percent or $0.12. The stock’s volatility over the past seven days has averaged 6.65 percent.
Snap Inc. and Marin Software Announce Integration
The cross-channel ad optimization tool from Marin Software now includes support for Snapchat.
On August 22, Marin Software, a market leader in digital marketing software for performance-driven advertisers and agencies, revealed that its flagship MarinOne platform now supports optimizing Snapchat ad campaigns.
Integrating with Snapchat’s Marketing API provides marketers with more data and the ability to optimize their Snapchat campaigns with AI and ML.
To get the most out of their Snapchat marketing budget, businesses may use the MarinOne platform’s integrated artificial intelligence (AI) bidding, budget pacing, forecasting, performance analytics, and suggestion tools.
In addition, state-of-the-art analytic grids make flexible reporting inside and between Snapchat campaigns and paid media analytics from other social, search, display, and e-commerce platforms.
With 347 million DAUs, Snapchat gives advertisers a platform to reach engaged audiences with immersive content that motivates users to take action.
For nearly 15 years, Marin has been a trusted partner to advertisers, guiding them toward more tremendous success in their digital advertising campaigns across paid search, social, e-commerce, display, and app advertising.
“Gen Z and millennials, who represent $4.4 trillion in purchasing power, are Snapchat’s primary demographic. So this is a fantastic chance for companies to get exposure and attract new consumers, “as Marin’s CEO and Chairman Chris Lien put it.
Our goal is to help our clients maximize their Snapchat advertising success by integrating our robust reporting, sophisticated bidding, and campaign management capabilities with Snapchat’s ecosystem.
Advertisers may boost demand for their products by combining their Snapchat ads with those of other paid social networks and sponsored search, e-commerce, display, and app campaigns.
Aligning marketing activities across channels helps guarantee consistency across the client lifecycle.
Marin Software Stock Forecast: Conclusion
Marin Software, Inc. insiders are buying more shares than they’re selling. In the 100 previous deals, 1.78 million shares were purchased, and 1,000,000 shares were sold. Walcott Wister, the former trader, had sold 11.25 million shares 18 days prior. Insiders believe the company has a bright future because of the large number of shares bought relative to those sold. Sometimes, significant acquisitions may be explained by stock options due to dates.
Marin Software Inc. and its affiliates provide enterprise marketing software to marketers and agencies around the world. Agencies and advertisers can use Marin Search to manage their advertising campaigns. In addition, Marin Social allows them to control their advertising on Facebook, Instagram, Twitter, and other managed services.