MaxPoint Interactive Inc. (MXPT) Cut to “Hold” at Zacks Investment Research
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 reiterated a hold rating on shares of MaxPoint Interactive in a research note on Wednesday, August 10th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $5.83.
Shares of MaxPoint Interactive (NASDAQ:MXPT) opened at 8.865 on Wednesday. The company’s market capitalization is $58.45 million. The firm’s 50-day moving average is $8.96 and its 200 day moving average is $9.44. MaxPoint Interactive has a 52 week low of $4.64 and a 52 week high of $20.48.
MaxPoint Interactive (NASDAQ:MXPT) last issued its quarterly earnings data on Wednesday, August 10th. The company reported ($0.87) earnings per share for the quarter, missing the consensus estimate of ($0.81) by $0.06. MaxPoint Interactive had a negative return on equity of 58.11% and a negative net margin of 18.86%. The business earned $23.20 million during the quarter, compared to analyst estimates of $23.17 million. During the same quarter last year, the firm earned ($0.15) EPS. MaxPoint Interactive’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, analysts anticipate that MaxPoint Interactive will post ($3.01) earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. 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 in the last quarter. 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 in the last quarter. Finally, 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 in the last quarter. 14.75% of the stock is currently owned by hedge funds and other institutional investors.
MaxPoint Interactive Company Profile
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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