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Heritage Commerce (HTBK) Reaches $16.65 52-Week High; Marin Software (MRIN)’s Sentiment Is 0.8

The stock of Heritage Commerce Corp (NASDAQ:HTBK) hit a new 52-week high and has $17.65 target or 6.00% above today’s $16.65 share price. The 7 months bullish chart indicates low risk for the $636.05M company. The 1-year high was reported on Jan, 14 by If the $17.65 price target is reached, the company will be worth $38.16M more. The stock increased 2.46% or $0.4 during the last trading session, reaching $16.65. About 258,620 shares traded or 89.78% up from the average. Heritage Commerce Corp (NASDAQ:HTBK) has risen 32.65% since January 14, 2017 and is uptrending. It has outperformed by 15.95% the S&P500.

Marin Software Incorporated operates a cross-channel advertising cloud platform in the United States and internationally. The company has market cap of $60.77 million. The Company’s platform allows marketing professionals to manage their digital advertising spend across search, social, and display channels. It currently has negative earnings. The companyÂ’s platform consists of various modules, including Optimization module that helps advertisers to manage bids across publishers to meet revenue goals and identify opportunities for campaign improvements; Reporting and Analytics module that enables advertisers to report results at a business level and analyze cross-channel performance trends; and Campaign Management module, which provides the digital advertiser with an interface to create, manage, and optimize campaigns across various publishers.

The stock decreased 0.92% or $0.1 during the last trading session, reaching $10.75. About 212 shares traded. Marin Software Incorporated (MRIN) has declined 39.81% since January 14, 2017 and is downtrending. It has underperformed by 56.51% the S&P500.

Crosslink Capital Inc holds 0.22% of its portfolio in Marin Software Incorporated for 738,027 shares. Stonebridge Capital Management Inc owns 55,331 shares or 0.04% of their US portfolio. Moreover, Temasek Holdings (Private) Ltd has 0.03% invested in the company for 2.53 million shares. The Texas-based Bridgeway Capital Management Inc has invested 0.01% in the stock. Two Sigma Securities Llc, a New York-based fund reported 31,998 shares.

Since January 1, 0001, it had 2 insider buys, and 0 sales for $5.10 million activity.

Heritage Commerce Corp operates as the bank holding firm for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. The company has market cap of $636.05 million. It offers a range of deposit products for business banking and retail markets, including checking accounts, savings accounts, demand deposits, money market accounts, and time deposits. It has a 21.37 P/E ratio. The firm also provides various loan products comprising commercial loans, such as operating secured and unsecured loans advanced for working capital, equipment purchases, and other business purposes; commercial real estate loans; commercial construction loans for rental properties, commercial buildings, and homes; home equity lines of credit; consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes; and small business administration loans.

Analysts await Heritage Commerce Corp (NASDAQ:HTBK) to report earnings on January, 25. They expect $0.23 EPS, up 21.05% or $0.04 from last year’s $0.19 per share. HTBK’s profit will be $8.79M for 18.10 P/E if the $0.23 EPS becomes a reality. After $0.22 actual EPS reported by Heritage Commerce Corp for the previous quarter, Wall Street now forecasts 4.55% EPS growth.

Among 5 analysts covering Heritage Commerce (NASDAQ:HTBK), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Heritage Commerce had 17 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating by Brean Capital given on Monday, October 30. The rating was maintained by Brean Capital on Friday, July 28 with “Buy”. The firm has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The firm earned “Market Perform” rating on Tuesday, October 27 by FIG Partners. The firm has “Buy” rating by Brean Capital given on Tuesday, January 2. As per Monday, September 28, the company rating was downgraded by Sandler O’Neill. The firm has “Buy” rating by Brean Capital given on Monday, October 23. Brean Capital initiated the stock with “Buy” rating in Tuesday, January 10 report. The rating was upgraded by Sandler O’Neill to “Buy” on Monday, November 23. The stock of Heritage Commerce Corp (NASDAQ:HTBK) earned “Buy” rating by Brean Capital on Friday, December 1.

Investors sentiment decreased to 1.3 in Q3 2017. Its down 0.38, from 1.68 in 2017Q2. It dropped, as 6 investors sold Heritage Commerce Corp shares while 27 reduced holdings. 12 funds opened positions while 31 raised stakes. 26.01 million shares or 0.28% more from 25.94 million shares in 2017Q2 were reported. Globeflex Capital Lp reported 18,704 shares or 0.08% of all its holdings. Westwood Gp Inc holds 1.01 million shares. Schwab Charles Investment reported 129,836 shares. Geode Cap Management Ltd Company holds 321,016 shares. California Employees Retirement reported 93,200 shares. 24,126 are held by Alliancebernstein Limited Partnership. The New York-based Millennium Mgmt Lc has invested 0% in Heritage Commerce Corp (NASDAQ:HTBK). Ny State Common Retirement Fund holds 47,872 shares or 0% of its portfolio. Stieven Capital Advsrs Lp reported 322,309 shares or 0.87% of all its holdings. Lord Abbett Limited holds 0.01% of its portfolio in Heritage Commerce Corp (NASDAQ:HTBK) for 332,944 shares. Moreover, Dimensional Fund L P has 0.01% invested in Heritage Commerce Corp (NASDAQ:HTBK). Banc Funds holds 0.88% of its portfolio in Heritage Commerce Corp (NASDAQ:HTBK) for 1.37 million shares. Teton Advsrs reported 30,900 shares. Hilton Mgmt Limited Company holds 0.05% of its portfolio in Heritage Commerce Corp (NASDAQ:HTBK) for 18,465 shares. Loomis Sayles L P reported 85 shares.

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