MaxPoint Interactive, Inc. (MXPT) Rating Lowered to Sell at ValuEngine
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.
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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