ValuEngine cut shares of MaxPoint Interactive, Inc. (NASDAQ:MXPT) from a hold rating to a sell rating in a research report sent to investors on Monday.

Shares of MaxPoint Interactive (NASDAQ MXPT) traded up 0.29% during trading on Monday, reaching $13.85. 10,413 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $13.84 and its 200 day moving average price is $13.84. MaxPoint Interactive has a 52 week low of $3.85 and a 52 week high of $13.89. The firm’s market capitalization is $93.68 million.

MaxPoint Interactive (NASDAQ:MXPT) last posted its quarterly earnings data on Monday, August 14th. The software maker reported ($0.75) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.67) by ($0.08). MaxPoint Interactive had a negative net margin of 10.18% and a negative return on equity of 45.24%. The business had revenue of $23.40 million for the quarter. Analysts predict that MaxPoint Interactive will post ($1.24) EPS for the current fiscal year.

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Several large investors have recently bought and sold shares of the company. Spark Investment Management LLC boosted its position in shares of MaxPoint Interactive by 76.2% during the 1st quarter. Spark Investment Management LLC now owns 25,900 shares of the software maker’s stock valued at $165,000 after purchasing an additional 11,200 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of MaxPoint Interactive during the 1st quarter valued at about $165,000. Finally, Essex Investment Management Co. LLC bought a new position in shares of MaxPoint Interactive during the 2nd quarter valued at about $191,000. Institutional investors own 8.00% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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