MaxPoint Interactive Inc. (MXPT) Position Lowered by Hillman Co.
Hillman Co. lowered its stake in MaxPoint Interactive Inc. (NASDAQ:MXPT) by 75.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,681 shares of the company’s stock after selling 278,044 shares during the period. MaxPoint Interactive makes up approximately 0.5% of Hillman Co.’s investment portfolio, making the stock its 12th largest position. Hillman Co.’s holdings in MaxPoint Interactive were worth $1,001,000 at the end of the most recent quarter.
Separately, Spark Investment Management LLC boosted 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. Institutional investors own 14.75% of the company’s stock.
MaxPoint Interactive Inc. (NASDAQ:MXPT) traded down 0.11% on Tuesday, hitting $8.86. 201 shares of the stock traded hands. The stock’s market cap is $58.41 million. MaxPoint Interactive Inc. has a 52-week low of $4.64 and a 52-week high of $22.32. The company’s 50 day moving average price is $9.42 and its 200-day moving average price is $9.22.
MaxPoint Interactive (NASDAQ:MXPT) last released its earnings results on Wednesday, August 10th. The company reported ($0.87) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.81) by $0.06. MaxPoint Interactive had a negative net margin of 18.86% and a negative return on equity of 58.11%. The firm had revenue of $23.20 million for the quarter, compared to analysts’ expectations of $23.17 million. During the same quarter last year, the firm posted ($0.15) EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, analysts forecast that MaxPoint Interactive Inc. will post ($3.01) earnings per share for the current fiscal year.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of MaxPoint Interactive from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a report on Wednesday, August 17th. Pacific Crest reaffirmed a “hold” rating on shares of MaxPoint Interactive in a report 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. MaxPoint Interactive has a consensus rating of “Hold” and an average target price of $5.83.
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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