MaxPoint Interactive Inc. (MXPT) Shares Gap Up to $8.44
MaxPoint Interactive Inc. (NASDAQ:MXPT)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $8.31, but opened at $8.44. MaxPoint Interactive shares last traded at $9.91, with a volume of 45,728 shares.
A number of brokerages recently commented on MXPT. Zacks Investment Research raised MaxPoint Interactive from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a report on Wednesday. Pacific Crest reiterated a “hold” rating on shares of MaxPoint Interactive in a research note on Wednesday, August 10th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. MaxPoint Interactive currently has an average rating of “Hold” and an average target price of $5.83.
The firm’s market capitalization is $62.83 million. The stock has a 50 day moving average price of $10.85 and a 200 day moving average price of $8.70.
MaxPoint Interactive (NASDAQ:MXPT) last released its quarterly earnings results on Wednesday, August 10th. The company reported ($0.87) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.81) by $0.06. The business had revenue of $23.20 million for the quarter, compared to analyst estimates of $23.17 million. During the same quarter in the prior year, the company earned ($0.15) earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. Equities research analysts expect that MaxPoint Interactive Inc. will post ($2.99) earnings per share for the current fiscal year.
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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