Shares of MaxPoint Interactive, Inc. (NASDAQ:MXPT) hit a new 52-week high on Monday . The company traded as high as $13.69 and last traded at $13.70, with a volume of 700,924 shares changing hands. The stock had previously closed at $5.50.

Separately, ValuEngine upgraded MaxPoint Interactive from a “sell” rating to a “hold” rating in a research report on Monday.

The firm’s market cap is $92.94 million. The firm’s 50-day moving average is $6.50 and its 200-day moving average is $6.25.

MaxPoint Interactive (NASDAQ:MXPT) last posted its earnings results on Monday, August 14th. The software maker reported ($0.75) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.67) by $0.08. MaxPoint Interactive had a negative return on equity of 45.24% and a negative net margin of 10.18%. The firm had revenue of $23.40 million for the quarter. On average, equities analysts forecast that MaxPoint Interactive, Inc. will post ($1.24) earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of MXPT. Renaissance Technologies LLC bought a new stake in shares of MaxPoint Interactive during the first quarter worth approximately $165,000. Spark Investment Management LLC boosted its stake in shares of MaxPoint Interactive by 76.2% in the first quarter. Spark Investment Management LLC now owns 25,900 shares of the software maker’s stock worth $165,000 after buying an additional 11,200 shares in the last quarter. Finally, Essex Investment Management Co. LLC bought a new stake in shares of MaxPoint Interactive during the second quarter worth approximately $191,000. 8.00% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This piece of content was originally published by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.