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Tag: MRIN

  • Marin Software Inc. (MRIN) stock Blooms After Hours on TikTok Integration

    Marin Software Inc. (MRIN) stock Blooms After Hours on TikTok Integration

    On February 16, Marin Software Inc. (MRIN) announced the integration of its MarinOne platform with TikTok’s Ad Manager. As a result, the stock rebounded and bloomed in the after-hours on Wednesday.

    In the prior trading session, the stock remained in the red with a mild loss of 0.91%. MRIN closed the regular session at $3.27 at a volume of 3.21 million shares. The day’s range was $3.18 and $3.34. Following the integration announcement, MRIN stock rallied by 29.66% in the after-hours. Hence, the stock had a value of $4.24 in the after-hours on Wednesday while the session saw a heavy volume of 3.02 million shares.

    The cloud-based digital advertising management company, Marin Software Inc. has a market capitalization of $51.12 million. Currently, the company has 15.49 million shares outstanding in the market.

    MRIN’s TikTok Integration

    With the integration of TikTok’s Ad Manager, TikTok’s ad campaigns can now be optimized through the company’s flagship MarinOne platform. This integration also provides advertisers with better insights and improves their TikTok campaign performance through machine learning and automation.

    Moreover, the MarinOne platform combines industry-leading optimization tools and AI bidding with flexible reporting. This results in maximizing the reach and impact of TikTok’s marketing investment of the advertisers.

    Therefore, the MainOne platform now supports TikTok for business on a cross-channel ad optimization platform. The advertisers would now be able to run flexible reports within and across campaigns, export the data, and sync campaigns with offline and downstream conversions events. Furthermore, they would also get automated alerts and be able to view TikTok campaigns alongside other paid social channels and search displays, apps, and e-commerce.

    LinkedIn Marketing Integration

    Previously, on January 12, the company announced adding the ability to manage LinkedIn Marketing Solutions campaigns to MarinOne platform. The integration with LinkedIn Campaign Management and Reporting provides better insights to advertisers along with improving performance.

    MRIN’s Financial Summary

    In the third quarter of 2021, the company had total net revenues of $6.2 million against $6.8 million in the year-ago period. Thus, marking a decline of 9% YOY.

    MRIN had a non-GAAP loss from operations of $3.0 million in Q3 2021, against $2.8 million in Q3 2020.

    In addition, the company will be reporting its financial results for the fourth quarter of 2021 on February 24, after the bell. For Q4 2021, the company expects net revenues of $5.6 to $6.1 million with non-GAAP loss of operations between $4.5 and $4.0 million.

  • Amazon DSP Integration: Marin Software Inc. (MRIN) Skyrockets After Hours

    On January 06, Marin Software Inc. (MRIN) announced Amazon DSP integration for expanding Amazon advertising solutions. Consequently, the stock skyrocketed in the after-hours on Thursday.

    During the regular session, the stock gained a slight 2.07% at its closing price of $3.45 with 5.41M shares exchanging. Following the announcement, MRIN stock gained a further 33.04% in the after-hours. Hence, the stock was trading at $4.59 apiece at 5.17M shares in the after hours.

    The cloud-based digital advertising management solutions provider, Marin Software Inc. was founded in 2006. Currently, its 15.49 million outstanding shares trade at a market capitalization of $52.36 million.

    MRIN’s Amazon DSP Integration

    On Thursday, the company announced its Amazon Ads’ demand-side platform (DSP) integration. With this integration, brands can effectively manage, measure, and optimize their Amazon Advertising campaign with ease. Multiple types of advertising optimization and solutions would be possible within the MarinOne platform, including Sponsored Products, Sponsored Brands, Sponsored Display to display, video and audio ads.

    The Amazon DSP makes huge reach possible to its audience through both its sites and apps and also third-party exchanges. Further, multiple formats are also included for advertisers like display, audio, and streaming TV ads through Fire TV. Hence, the DSP integration will now allow MRIN’s customers to have access to a wide suite of tools for enhancing their campaign portfolio.

    Partnership with CitrusAd

    On November 10, the company announced its partnership with CitrusAd’s Digital Retail Media Platform. Through this partnership, brands would be able to access CitrusAd’s products suite through MRIN software. Moreover, brands can manage and optimize sponsored products and display ads through Marin with ease now. Subsequently, enhancing e-commerce advertising of the company.

    CitrusAd is an ad technology provider in the retail space with a white-label, self-serve e-commerce advertising platform. It was named a Leader in The Forrester WaveTM: Sll-Side Retail Media Solutions, Q3 2021. by Forrester, recently.

    MRIN’s Financials

    On November 04, the company declared its financial results for the third quarter of 2021.

    In the third quarter of 2021, MRIN generated total revenues of $6,2 million, against $6.8 million in the year-ago period. This shows a decrease of 9% year over year.

    Furthermore, the non-GAP loss from operations in the third quarter of 2021, was $3.0 million, against $2.8 million in Q3 of 2020.

    The company ended the quarter with cash, cash equivalents, and restricted cash of $50.2 million.

  • Why did Marin Software Incorporated (MRIN) stock decline on Friday’s after-hours?

    Marin Software Incorporated (MRIN) shares declined 14.73% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $7.06 per share. in the regular trading session of Friday, MRIN’s stock gained 28.17%. MRIN shares have risen 483.10% over the last 12 months, and they have moved up 5.61% in the past week. Over the past three months, the stock has gained 362.57%, while over the past six months, it has shed 283.33%. MRIN has a current market of $70.79 million and its outstanding shares stood at 10.30 million.

    MRIN Recent financial results announcement

    On July 30, 2021, Marin Software Incorporated (MRIN announced financial results for the second quarter ended June 30, 2021.

    Q2 2021 financial results

    • MRIN reported revenue of 1 million in Q2 2021 compared to $7.3 million in the second quarter of 2020.
    • Total operating expenses were $5.93 million in Q2 2021 compared to $7.3 million in Q2 2020.
    • It suffered a GAAP operating loss of $3.0 million in Q2 2021 compared to a GAAP operating loss of $4.5 million in Q2 2020.
    • Net loss was $2.5 million or net loss per, basic and diluted common share was $0.23 in Q2 2021 compared to a net loss of $3.5 million or net loss per, the basic and diluted common share was $0.50 million in Q2 2020.
    • As of June 30, 2021, the company had cash, cash equivalents and restricted cash of $14.4 million.

    Financial guidance for Q3 2021

    For Q3 2021, MRIN is expecting

    • Net revenue to be in the range of $5.5 to $6.0 million
    • Operating loss in the range of $3.3 to $2.8 million

    MarinOne Performance Across Advertising Channels

    On July 22, 2021, Marin Software published three new customer case studies highlighting the benefits of using MarinOne across multiple marketing channels.

    Digital marketers are looking for the best performance from their marketing investment and the advanced bidding at the heart of delivering results. The MarinOne bidding algorithm can be used across channels, including the latest additions like Instacart, LinkedIn, and Apple Search Ads.

    MRIN Integration with Instacart Ads

    On June 23, 2021, Marin Software 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.

    Instacart is the leading online grocery platform in North America. Marin is bringing its experience helping advertisers optimize over $40 billion in digital advertising spend to the rapidly growing platform.

    MRIN Q1 2021 financial results announcement

    On May 6, 2021, Marin Software Incorporated released its financial results for the first quarter ended March 31, 2021.

    Q1 2021 financial highlights

    • Marin Software reported revenue of $6.3 million for Q1 2021 compared to $8.7 million in the first quarter of 2020.
    • GAAP operating loss was $4 million for Q1 2021 compared to $4.4 million for the first quarter of 2020.
    • Non-GAAP operating loss was $2.5 million in Q1 2021 compared to a non-GAAP operating loss of $3.5 million in Q1 2020.
    • Total operating expenses were $5.51 million for Q1 2021, compared to $7.73 million for Q1 2020.
    • The company suffered a net loss of $2.12 million in Q1 2021 compared to a $7.73 million net loss in Q1 2020.
    • Net loss per common share, basic and diluted was $0.21 in Q1 2021 compared to $0.58 in Q1 2020.

    Conclusion

    MRIN stock faced headwinds in the after-hours on Friday due to the Q2 financial results announcement which did not attract the investors. We hope that it will commence the new week in a positive mode.

  • Marin Software Inc. (MRIN) Stock Skyrockets Under Spotlight of Meme Stock Phenomenon

    Marin Software Inc. (MRIN) stock prices surged by 54.64% shortly after market trading commenced on July 2nd, 2021, bringing the price per share up to USD$23.32 early on in the trading day.

    Collaboration with Instacart

    June 23rd, 2021 saw the company announce the addition of the ability to manage Instacart Ads to its flagship MarinOne platform, facilitating the connection between brands and customers directly at the point of sale. MRIN will leverage its extensive track record to help advertisers optimize over USD$40 billion in digital advertising spend to the rapidly growing platform.

    About Instacart

    As the leading North American online grocery platform, Instacart is partnered with more than 600 national, regional, and local retailers, including unique brand names. The company has 55,000 stores across more than 5,500 cities across North America. Instacart offers self-service and managed ad services for more than 2,500 CPG brands, including all of the Top 25 CPG companies.

    MarinOne Platform

    The self-serve MarinOne platform helps generate additional demand by unifying lower-funnel marketplace advertising with paid search and paid social campaigns. The platform allows marketers to align their efforts to ensure the seamless functioning of their channels across the customer journey. With the pandemic having seen consumer habits shift, online grocery delivery skyrocketed to unprecedented levels.

    Scope of Partnership

    Instacart is an essential addition to the digital marketing strategy MRIN, as a leading online grocery platform in North America. MRIN is excited to give advertisers on Instacart the opportunity to maximize returns on investments with the company’s added resources. The company’s automation facilitates the accessibility of managing Instacart Ad campaigns by automatically constructing campaigns, providing alerts on performance changes, and proactively identifying opportunities for better results.  The optimization tools serve to identify the most suitable levels of spend, while the best possible performance is ensured by MRIN bidding. The company’s Insight molecule automatically identifies opportunities such as Product A/B Testing in customers’ accounts, with estimates of potential value and easy implementation being provided.

    Meme Stock Phenomenon

    Despite the integration with Instacart Ads, the recent movement in MRIN’s stock price does not seem warranted. With an absence of any other news coverage or changes in fundamentals, it seems that MRIN is the latest target of the meme stock phenomenon that has been sweeping the stock exchange as of late. Driven by retail investors who use the social medial platform Reddit to coordinate a short squeeze in underperforming companies with high short interests. Inherent with risk and volatility, this phenomenon provides a fortuitous bump to companies that find themselves in its spotlight. Investors are hopeful that MRIN will leverage the additional resources at its disposal to usher in more organic growth.

  • Here is why Marin Software Incorporated (MRIN) stock surged in the after-hours on Wednesday?

    Marin Software Incorporated (MRIN) shares surged 59.65% in after-hours on Wednesday, June 23, 2021, and closed the day at $2.73 per share. Earlier, MRIN’s stock gained 1.79% to close Wednesday’s session at $1.71 per share. MRIN shares have risen 14.00% over the last 12 months, and they have moved up 4.27% in the past week. Over the past three months, the stock has lost 2.84%, while over the past six months, it has declined 18.18%.

    Let’s have a look at its recent news and developments.

    Integration with Instacart Ads

    On June 23, 2021, Marin Software 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.

    Instacart is the leading online grocery platform in North America. Marin is bringing its experience helping advertisers optimize over $40 billion in digital advertising spend to the rapidly growing platform.

    Recent financial results announcement

    On May 6, 2021, Marin Software Incorporated released its financial results for the first quarter ended March 31, 2021.

    Q1 2021 financial highlights

    • Marin Software reported revenue of $6.3 million for Q1 2021 compared to $8.7 million in the first quarter of 2020.
    • GAAP operating loss was $4million for Q1 2021 compared to $4.4 million for the first quarter of 2020.
    • Non-GAAP operating loss was $2.5 million in Q1 2021 compared to a non-GAAP operating loss of $3.5 million in Q1 2020.
    • Total operating expenses were $5.51 million for Q1 2021, compared to $7.73 million for Q1 2020.
    • The company suffered a net loss of $2.12 million in Q1 2021 compared to a $7.73 million net loss in Q1 2020.
    • Net loss per common share, basic and diluted was $0.21 in Q1 2021 compared to $0.58 in Q1 2020.

    Q2 2021 financial outlook

    For the 2nd quarter of 2021, the company is expecting

    • Revenue to be between $5.5 million to $6.0 million.
    • Non-GAAP operating loss to be between $3.4 million to 2.9 million.

    Q4 & FY 2020 financial results

    On February 25, 2021, Marin Software Incorporated reported its financial results for the fourth quarter and full-year ended December 31, 2020.

    Q4 2020 financial highlights

    • The company reported net revenues of$7.3 million for Q4 2020 compared to $11.4 million in the fourth quarter of 2019.
    • In Q4 2020, GAAP operating loss was $3.1 million compared to GAAP operating loss of $6.2 million in Q4 2019.
    • Non-GAAP operating loss was $2.5 million in Q4 2020 compared to a non-GAAP operating loss of $2.1 million in the fourth quarter of 2019.
    • Total operating expenses were $6.64 million in Q4 2020 compared to $12.03 million in Q4 2019.

    Conclusion

    The integration of Instacart Ads was the reason behind its exceptional performance in the after-hours on Wednesday. We hope that MRIN will continue its surge in the remaining week as well.

  • Pre-Market Cues: 29 Stocks Roaring for Change On December 7th

    Pre-Market Cues: 29 Stocks Roaring for Change On December 7th

    HL Acquisitions Corp. (HCCH) is up more than 5.38% at $25.25 in pre-market hours Monday December 07, 2020. The firm recently reported that that the shareholders of HL have approved the business combination between HL and Fusion Fuel at an annual general meeting of shareholders. The stock had jumped over 27.65% to $23.96 in the last trading session.
    China HGS Real Estate Inc. (NASDAQ: HGSH) shares are trading down -17.83% at $2.12 at the time of writing. Company’s 52-week ranged between $0.48 to $4.40.
    Cinedigm Corp. (CIDM) grew over 4.07% at $0.7269 in pre-market trading today after announcing eight additional linear streaming channels are now available on Rad’s fast-growing global streaming platform.
    Before the trading started on December 07, 2020, PDS Biotechnology Corporation (PDSB) is down -7.49% to reach $2.47. It has been trading in a 52-week range of $0.62 to $4.98.
    Pioneer Power Solutions Inc. (PPSI), a Electrical Equipment & Parts company, dropped about -6.59% at $4.11 in pre-market trading Monday. The company lately declared that it has finalized a conclusive settlement with Myers Power Products, Inc., a specialty electrical products manufacturer.
    Castor Maritime Inc. (NASDAQ: CTRM) shares are trading down -3.25% at $0.1935 at the time of writing. Company’s 52-week ranged between $0.11 to $2.60.
    RMG Acquisition Corp. (RMG) is down more than -5.62% at $17.31 in pre-market hours Monday December 07, 2020. The firm recently announced the nomination of Paul Williams to serve on the board of directors of Romeo Power upon consummation of merger. The stock had jumped over 19.95% to $18.34 in the last trading session.
    Before the trading started on December 07, 2020, Energy Fuels Inc. (UUUU) is up 6.2% to reach $2.74. It has been trading in a 52-week range of $0.78 to $2.42.
    Safe-T Group Ltd (SFET) stock soared 20.49% to $1.47 in the pre-market trading. The technology firm recently declared that it will hold a virtual event – webinar with Fujitsu, a global information and communication technology (ICT) company, on December 10, 2020.
    Before the trading started on December 07, 2020, ENGlobal Corporation (ENG) is up 4.42% to reach $1.89. It has been trading in a 52-week range of $0.46 to $4.32.
    Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) shares are trading down -6.96% at $1.47 at the time of writing after reporting that it will provide its QuadSight® multispectral vision solution, and is expected to receive approximately one million USD from the European Commission through the Horizon 2020 framework program. Company’s 52-week ranged between $0.46 to $1.95. Analysts have a consensus price target of $16.
    Hennessy Capital Acquisition Corp. IV (HCAC) is up more than 16.13% at $15.62 in pre-market hours Monday December 07, 2020. The stock had jumped over 10.52% to $13.45 in the last trading session.
    Sesen Bio Inc. (SESN) is up more than 4.58% at $1.6 in pre-market hours Monday December 07, 2020. The firm recently revealed partnership with Hikma Pharmaceuticals for the commercialization of Vicineum™ in the Middle East and North Africa. The stock had jumped over 15.04% to $1.53 in the last trading session.
    Before the trading started on December 07, 2020, Apache Corporation (APA) is down -2.5% to reach $14.8. It has been trading in a 52-week range of $3.80 to $33.77.
    BlackBerry Limited (NYSE: BB) shares are trading down -2.7% at $8.29 at the time of writing after declaring that it will report results for the third quarter of fiscal year 2021 at 5:30 p.m. ET on Thursday, December 17, 2020. Company’s 52-week ranged between $2.70 to $9.69.
    TechnipFMC plc (NYSE: FTI) shares are trading down -3.41% at $9.92 at the time of writing. Company’s 52-week ranged between $4.49 to $21.84.
    Nesco Holdings Inc. (NSCO) tumbled over -12.41% at $5.86 in pre-market trading today as the firm revealed that it has entered into a definitive agreement to acquire Custom Truck One Source (“CTOS”) for a purchase price of $1.475 billion.
    Penn Virginia Corporation (PVAC) is down more than -2.05% at $9.55 in pre-market hours Monday December 07, 2020. The stock had jumped over 7.50% to $9.75 in the last trading session.
    Uranium Energy Corp. (UEC) stock soared 11.57% to $1.35 in the pre-market trading after reporting that the U.S. Senate Committee on Environment and Public Works (EPW) has approved a bipartisan bill entitled the American Nuclear Infrastructure Act (ANIA). The most recent rating by Canaccord Genuity, on October 14, 2020, is a Speculative buy.
    Lyft Inc. (NASDAQ: LYFT) shares are trading up 2.67% at $47.33 at the time of writing. Company’s 52-week ranged between $14.56 to $54.50.
    Verb Technology Company Inc. (VERB) grew over 2.46% at $1.25 in pre-market trading today. The firm lately revealed that it will deliver a presentation at the Benzinga Global Small Cap Conference being held December 8-9, 2020.
    TransEnterix Inc. (TRXC) is down more than -7.22% at $0.47 in pre-market hours Monday December 07, 2020. The stock had jumped over 6.63% to $0.51 in the last trading session.
    FuelCell Energy Inc. (FCEL), a Electrical Equipment & Parts company, rose about 3.77% at $8.25 in pre-market trading Monday following the closing of public offering of 39,696,320 shares of common stock.
    Before the trading started on December 07, 2020, Senseonics Holdings Inc. (SENS) is up 9.28% to reach $0.4699. It has been trading in a 52-week range of $0.35 to $1.78.
    Before the trading started on December 07, 2020, The Macerich Company (MAC) is down -2.44% to reach $11.6 after declaring that the Company has earned Bureau Veritas SafeGuard™ Hygiene Excellence and Safety Certification for key properties. It has been trading in a 52-week range of $4.56 to $26.20.
    Southwestern Energy Company (SWN) stock plunged -2.33% to $2.93 in the pre-market trading. The most recent rating by UBS, on December 01, 2020, is a Sell.
    Gamida Cell Ltd. (GMDA) is up more than 7.6% at $7.5 in pre-market hours Monday December 07, 2020 after reporting in an oral presentation the updated and expanded results from a Phase 1 clinical study of GDA-201. The stock had jumped over 5.61% to $6.97 in the last trading session.
    Sintx Technologies Inc. (NASDAQ: SINT) shares are trading up 2.45% at $2.09 at the time of writing. Company’s 52-week ranged between $0.28 to $3.30.
    Matinas BioPharma Holdings Inc. (MTNB) grew over 12.84% at $1.23 in pre-market trading today after announcing collaboration with the National Institute of Allergy and Infectious Diseases to evaluate oral formulations of Gilead’s antiviral remdesivir utilizing Matinas’ LNC Platform delivery technology.

  • 17 Software Application Stocks You Can’t Ignore In 2020

    17 Software Application Stocks You Can’t Ignore In 2020

    The Software Application industry is heading towards an era of new growth as the demand for software applications is increasing. In the current period, new technologies are emerging which in turn completely changing how companies interact with, develop, and use the software.  Emerging markets, new products, complex business models, and increasing demands stimulated the growth of this industry.

    The companies in this industry are involved in the development of new application software that enhanced flexibility and reduces risks.  This industry has a huge marketplace and has many profitable opportunities. 2020 taught us that this industry is very important and it will continue to rise in the future. The industry helped people to interact and communicate with one another in the current period of a pandemic.

    Check out the top 17 leading companies in the software Application Industry that need your attention:

    Marin Software Incorporated (NASDAQ: MRIN)

    Marin Software Incorporated (NASDAQ: MRIN) shares were trading up 62.74% at $3.45 at the time of writing on Friday. Marin Software Incorporated (NASDAQ: MRIN) share price went from a low point around $0.77 to briefly over $5.70 in the past 52 weeks, though shares have since pulled back to $3.45. MRIN market cap has remained high, hitting $14.80M at the time of writing, giving it a price-to-sales ratio of more than 0.

    Marin Software Incorporated (MRIN) has earlier revealed that it is scheduled to report its financial results for the quarter ended September 30, 2020, on November 5 after the market close. If we look at the recent analyst rating MRIN, Stifel downgraded coverage on MRIN shares with a Hold rating and a $2.00 price target, which implies room for -1.45% downside momentum this year.

    Fastly Inc. (NYSE: FSLY)

    Fastly Inc. (NYSE: FSLY) stock drop by -3.61% to $76.35 after FSLY Final Deadline Tomorrow: Rosen, A Globally Recognized Firm, Reminds Fastly, Inc. Investors of Important October 26 Deadline in Securities Class Action; Encourages Investors with Losses in Excess of $100K to Contact the Firm – FSLY. The most recent rating by Piper Sandler, on October 23, 2020, is at an Underweight.

    Zedge Inc. (AMEX: ZDGE)

    Zedge Inc. (AMEX: ZDGE) last closed at $2.54, in a 52-week range of $0.66 to $2.10. Analysts have a consensus price target of $3.00. Zedge Inc. (ZDGE) has earlier revealed the fiscal fourth quarter and full fiscal-year results of 2020 of the quarter ended July 31, 2020. It has reported an increase in revenue to $2.7 million. Its paid subscription revenue rose 378% to $0.6 million.

    Uber Technologies Inc. (NYSE: UBER)

    Uber Technologies Inc. (NYSE: UBER) shares headed rising, higher as much as 0.14%. The most recent rating by Daiwa Securities, on August 21, 2020, is at an Outperform. Uber Technologies Inc. (UBER) has earlier disclosed that it will announce its third-quarter 2020 financial results on November 5, 2020.

    Lyft Inc. (NASDAQ: LYFT)

    Lyft Inc. (NASDAQ: LYFT) rose 1.72% after gaining more than $0.44 on Friday. Lyft Inc. (LYFT) earlier announced that it will share its third-quarter 2020 financial results on November 10, 2020. It has moved up 78.69% from its 52-weeks low and moved down -52.26% from its 52-weeks high.  Looking at its liquidity, it has a current ratio of 1.60. Lyft Inc. has a total market capitalization of $7.98 billion at the time of writing.

    Slack Technologies Inc. (NYSE: WORK)

    Slack Technologies Inc. (NYSE: WORK) last closed at $28.76, in a 52-week range of $15.10 to $40.07. Analysts have a consensus price target of $30.62. Slack Technologies Inc. (WORK) Chief Executive Officer and Co-Founder Stewart Butterfield, and Vice President of Product Ilan Frank has earlier participated in a fireside chat hosted by Alex Zukin, Managing Director, Software Equity Research at RBC Capital Markets on Tuesday, October 13, 2020.

    Ideanomics Inc. (NASDAQ: IDEX)

    Ideanomics Inc. (NASDAQ: IDEX) shares headed falling, lower as much as -2.39%. Ideanomics Inc. (IDEX) has earlier announced the acquisition of California-based Solectrac, Inc. for the consideration of $1.3 million. Solectrac develops, assembles, and distributes 100% battery-powered electric tractors—an alternative to diesel tractors for agriculture and utility operations.

    Snowflake Inc. (NYSE: SNOW)

    Snowflake Inc. (NYSE: SNOW) fall -10.78% after losing more than -$32.04 on Friday. Snowflake Inc. (SNOW), a software maker whose stock debuted with the biggest U.S. initial public offering in 2020, signed a deal worth millions of dollars with Goldman Sachs Group Inc. earlier this year.

    Weidai Ltd. (NYSE: WEI)

    Weidai Ltd. (NYSE: WEI) last closed at $1.90, in a 52-week range of $0.73 to $6.50. Analysts have a consensus price target of $2.16. Weidai Ltd. (WEI) has earlier issued a statement regarding the unusual trading activity related to the American depositary shares of the Company on the New York Stock Exchange.

    Citrix Systems Inc. (CTXS)

    Citrix Systems Inc. (CTXS) stock drop by -3.11% to $122.71. The most recent rating by Morgan Stanley, on October 23, 2020, is at an Equal-weight. Citrix Systems Inc. (CTXS) and Upwork have earlier announced that they have decided to expand their collaboration to empower flexible work models and provide fast, easy, and secure access to untapped pools of specialized talent to fuel business innovation and growth.

    Digital Turbine Inc. (NASDAQ: APPS)

    Digital Turbine Inc. (NASDAQ: APPS) shares headed rising, higher as much as 3.01%. The most recent rating by Ladenburg Thalmann, on August 06, 2020, is at a Buy. Digital Turbine Inc. (APPS) has announced earlier that it will host the conference call and webcast to discuss its fiscal 2021 second-quarter financial results and operating progress on Thursday, October 29.

    Unity Software Inc. (NYSE: U)

    Unity Software Inc. (NYSE: U) fall -3.65% after losing more than -$3.68 on Friday. Unity Software Inc. (U) has earlier announced its partnership with three groups including Pledge 1%, a global movement which urged companies to donate 1% of their profit to local communities,  Rare Beauty, the cosmetic company founded by Selena Gomez, and Playing for the Planet,  an alliance of private video game sector member organizations who have committed to harnessing the power of their platforms to take action on the climate crisis

    salesforce.com inc. (NYSE: CRM)

    salesforce.com inc. (NYSE: CRM) last closed at $250.52, in a 52-week range of $115.29 to $284.50. Analysts have a consensus price target of $275.89. salesforce.com inc. (CRM) disclosed a significant expansion of Work.com to help companies get back to growth and thrive in the new normal.

    9F Inc. (NASDAQ: JFU)

    9F Inc. (NASDAQ: JFU) stock drop by -4.14% to $1.39. National law firm Barr Law Group has earlier announced that it is investigating Dividend and Income Fund, 9F Inc., and Stratus Properties Inc. It has moved up 93.06% from its 52-weeks low and moved down -89.93% from its 52-weeks high.  JFU market cap has remained high, hitting $283.00 million at the time of writing.

    Datadog Inc. (NASDAQ: DDOG)

    Datadog Inc. (NASDAQ: DDOG) shares headed rising, higher as much as 3.17%. The most recent rating by Berenberg, on October 07, 2020, is at a Hold. Datadog Inc. (DDOG) that the Gartner Peer Insights ‘Voice of the Customer’: Application Performance Monitoring report named Datadog an October 2020 Customers’ Choice.

    Riot Blockchain Inc. (NASDAQ: RIOT)

    Riot Blockchain Inc. (NASDAQ: RIOT) stock drop by -3.58% to $3.91. Riot Blockchain Inc. (RIOT) share price went from a low point around $0.51 to briefly over $4.58 in the past 52 weeks. It has moved up 665.17% from its 52-weeks low and moved down -14.63% from its 52-weeks high.  RIOT market cap has remained high, hitting $198.39 million at the time of writing.

    Cloudera Inc. (NYSE: CLDR)

    Cloudera Inc. (NYSE: CLDR) rose 1.17% after gaining more than $0.12 on Friday. Cloudera Inc. (CLDR) share price went from a low point around $4.76 to briefly over $14.20 in the past 52 weeks. It has moved up 117.65% from its 52-weeks low and moved down -27.03% from its 52-weeks high.  CLDR market cap has remained high, hitting $3.17 Billion at the time of writing.

     

  • Top Gaining Stocks as Markets Rally on Hopes of a Stimulus Deal

    The major stock indices are up this morning on news that a stimulus deal could be close. Yesterday, house speaker Nancy Pelosi stated that the negotiators were just about the deal.

    Given that it is the most awaited deal at the moment, this positive news could see the market rally all through the day. In this environment of increased optimism, several stocks are outperforming the market and could trade in positive territory all through the day. Some of the top gainers pre-market are as below:

    Socket Mobile Inc [NASDAQ: SCKT]

    Socket Mobile Inc is one of the top gainers this morning after it released its financial results for the third quarter of 2020. These results are subject to an annual review process in line with goodwill impairment and a part of quarter-end closing procedures.

    The company failed to carry out this review in time as a result of COVID-19 complications and uncertainties. That means that the numbers announced today have no goodwill impairment. Sensitive numbers that might be impacted negatively will have an asterisk to denote that there might be some changes.

    The company will issue the full report once they complete the goodwill review and have it as form 10-Q for the third quarter.

    Marin Software Inc [NASDAQ: MRIN]

    Marin Software Inc. is gaining pre-market and looks set to start the day in the green.  The company recently said that it will announce its financial results for the third quarter ended September 30, 2020, on Thursday, November 5 after the close of the market.

    It further announced that on that same day, it will have a conference call at 2:00 PM Pacific Time and (5:00 PM Eastern Time) to deliberate on the result released.

    This call will be available in the United States of America through dialling the number (877)705-6003 and internationally through the number (201)493-6725. The conference ID 13710848 or access it through a live webcast via the link on the company’s website. There will also be a recorded replay of the same on November 12, 2020.

    CLPS Incorporation [NASDAQ: CLPS]

    CLPS Incorporation is another top performer after announcing its half-year and full-year financial results for the fiscal year 2020.

    The company has recorded significant improvement in both periods as compared to the results of the fiscal year 2019. Revenues and Gross profit increased by 37.2% and 25.1% respectively for the half-year results, and by 37.7% and 31.0% respectively for the full-year results. Other results including the net income attributable to CPLS incorporation’s shareholders and non-GAAP net income also recorded considerable improvement.

    The company’s Chief Executive Officer and Co-Founder Mr. Raymond Lin said that they have been focusing on the health of their employees and that of their families during the COVID-19 pandemic, but are pleased to have recorded stable growth in the two periods. He concluded by saying that the company hopes to continue expanding and grow its business.