MaxPoint Interactive Inc. (MXPT) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research lowered shares of MaxPoint Interactive Inc. (NASDAQ:MXPT) from a buy rating to a hold rating in a report issued on Wednesday.

According to Zacks, “MaxPoint Interactive, Inc. provides business intelligence and digital marketing solution. The company offers Digital Zip(R) technology and the MaxPoint Intelligence Platform. It serves retail, consumer products, automotive, restaurant, healthcare and entertainment industries. MaxPoint Interactive, Inc. is headquartered in Morrisville, North Carolina. “

Separately, Pacific Crest reissued a hold rating on shares of MaxPoint Interactive in a research note on Wednesday, August 10th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $5.83.

MaxPoint Interactive (NASDAQ:MXPT) opened at 8.99 on Wednesday. MaxPoint Interactive has a 12 month low of $4.64 and a 12 month high of $20.88. The stock’s market cap is $59.27 million. The firm’s 50-day moving average price is $8.96 and its 200-day moving average price is $9.38.

MaxPoint Interactive (NASDAQ:MXPT) last announced its quarterly earnings results on Wednesday, August 10th. The company reported ($0.87) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.81) by $0.06. The firm had revenue of $23.20 million for the quarter, compared to analysts’ expectations of $23.17 million. MaxPoint Interactive had a negative return on equity of 58.11% and a negative net margin of 18.86%. MaxPoint Interactive’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.15) EPS. On average, analysts predict that MaxPoint Interactive will post ($3.01) earnings per share for the current year.

Several large investors have recently made changes to their positions in MXPT. Panagora Asset Management Inc. raised its stake in shares of MaxPoint Interactive by 195.6% in the second quarter. Panagora Asset Management Inc. now owns 10,642 shares of the company’s stock valued at $115,000 after buying an additional 7,042 shares during the period. Parametric Portfolio Associates LLC raised its stake in MaxPoint Interactive by 34.8% in the second quarter. Parametric Portfolio Associates LLC now owns 18,114 shares of the company’s stock worth $196,000 after buying an additional 4,680 shares during the last quarter. Finally, Spark Investment Management LLC raised its stake in MaxPoint Interactive by 147.9% in the first quarter. Spark Investment Management LLC now owns 81,300 shares of the company’s stock worth $143,000 after buying an additional 48,500 shares during the last quarter. 14.75% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:MXPT

Get a free copy of the Zacks research report on MaxPoint Interactive (MXPT)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for MaxPoint Interactive Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MaxPoint Interactive Inc. and related companies with's FREE daily email newsletter.

Leave a Reply

© 2006-2016 Mideast Time.