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.

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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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