MaxPoint Interactive, Inc. (MXPT) Raised to “Hold” at ValuEngine
ValuEngine upgraded shares of MaxPoint Interactive, Inc. (NASDAQ:MXPT) from a sell rating to a hold rating in a report issued on Monday.
MaxPoint Interactive (NASDAQ:MXPT) opened at 13.74 on Monday. The stock has a 50 day moving average price of $6.50 and a 200 day moving average price of $6.25. MaxPoint Interactive has a 1-year low of $3.85 and a 1-year high of $13.77. The firm’s market capitalization is $92.94 million.
MaxPoint Interactive (NASDAQ:MXPT) last announced its quarterly 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. The business had revenue of $23.40 million for the quarter. MaxPoint Interactive had a negative return on equity of 45.24% and a negative net margin of 10.18%. Analysts predict that MaxPoint Interactive will post ($1.24) EPS for the current year.
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Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC acquired a new stake in MaxPoint Interactive during the first quarter valued at $165,000. Essex Investment Management Co. LLC acquired a new stake in MaxPoint Interactive during the second quarter valued at $191,000. Finally, Spark Investment Management LLC boosted its stake in MaxPoint Interactive by 76.2% in the first quarter. Spark Investment Management LLC now owns 25,900 shares of the software maker’s stock valued at $165,000 after buying an additional 11,200 shares during the last quarter. Institutional investors and hedge funds own 8.00% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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