MaxPoint Interactive Inc. (NASDAQ:MXPT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “MaxPoint Interactive, Inc. provides business intelligence and digital marketing solution. The company offers Digital Zip(R) technology and the MaxPoint Intelligence Platform. It serves retail, consumer products, automotive, restaurant, healthcare and entertainment industries. MaxPoint Interactive, Inc. is headquartered in Morrisville, North Carolina. “
Separately, Pacific Crest reissued a “hold” rating on shares of MaxPoint Interactive in a report on Wednesday, August 10th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. MaxPoint Interactive has a consensus rating of “Hold” and a consensus price target of $5.83.
MaxPoint Interactive (NASDAQ:MXPT) opened at 9.03 on Wednesday. The firm’s market capitalization is $59.53 million. The stock’s 50 day moving average price is $8.97 and its 200-day moving average price is $9.38. MaxPoint Interactive has a 12 month low of $4.64 and a 12 month high of $20.48.
MaxPoint Interactive (NASDAQ:MXPT) last announced its quarterly earnings data on Wednesday, August 10th. The company reported ($0.87) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.81) by $0.06. The firm had revenue of $23.20 million for the quarter, compared to analysts’ expectations of $23.17 million. MaxPoint Interactive had a negative net margin of 18.86% and a negative return on equity of 58.11%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.15) earnings per share. Equities analysts anticipate that MaxPoint Interactive will post ($3.01) EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the company. Spark Investment Management LLC raised its position in MaxPoint Interactive by 147.9% in the first quarter. Spark Investment Management LLC now owns 81,300 shares of the company’s stock valued at $143,000 after buying an additional 48,500 shares during the last quarter. Panagora Asset Management Inc. raised its position in MaxPoint Interactive by 195.6% in the second quarter. Panagora Asset Management Inc. now owns 10,642 shares of the company’s stock valued at $115,000 after buying an additional 7,042 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in MaxPoint Interactive by 34.8% in the second quarter. Parametric Portfolio Associates LLC now owns 18,114 shares of the company’s stock valued at $196,000 after buying an additional 4,680 shares during the last quarter. Institutional investors and hedge funds own 14.75% of the company’s stock.
About MaxPoint Interactive
MaxPoint Interactive, Inc is a marketing technology company. The Company provides business intelligence and marketing automation solution. The Company’s MaxPoint Intelligence Platform is a cloud-based software service that enables to predict local demand for national brands based on consumers’ purchase power and intent and manage customized digital advertisements containing in-store offers and promotions to reach consumers at a local level across display, mobile, social and video channels.
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