Zacks Investment Research cut shares of MaxPoint Interactive Inc. (NASDAQ:MXPT) from a buy rating to a hold rating in a report released 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 restated a hold rating on shares of MaxPoint Interactive in a research note on Wednesday, August 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price 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 firm has a 50-day moving average price of $8.96 and a 200-day moving average price of $9.38. The company’s market cap is $59.27 million.

MaxPoint Interactive (NASDAQ:MXPT) last issued its quarterly earnings data on Wednesday, August 10th. The company reported ($0.87) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.81) by $0.06. The company 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%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.15) earnings per share. On average, equities research analysts forecast that MaxPoint Interactive will post ($3.01) earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Panagora Asset Management Inc. increased its position 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 worth $115,000 after buying an additional 7,042 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of 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 in the last quarter. Finally, Spark Investment Management LLC increased its position in shares of 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 in the last quarter. 14.75% of the stock is currently owned by hedge funds and other institutional investors.

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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