Benzinga | Oct 26, 2020 10:37AM EDT

Why Marin Software's Stock Is Trading Higher Today

Marin Software (NASDAQ:MRIN) shares are trading higher on Monday after the company issued prelim third-quarter financial results. The company expects sales of $6.8 million and an adjusted loss of $2.7 million - $3 million.

Marin Software provides a cloud-based digital advertising management solution for search, display, social and mobile advertising channels to improve financial performance, realize efficiencies and time savings and improve business decisions. The company's enterprise marketing software platform is offered as an integrated software-as-a-service (SaaS) solution for advertisers and agencies.

Marin Software shares traded up 15.36% to $3.98 on Monday at the time of publication. The stock has a 52-week high of $5.70 and a 52-week low of 77 cents.