Zacks Investment Research Upgrades MaxPoint Interactive Inc. (MXPT) to Buy
MaxPoint Interactive Inc. (NASDAQ:MXPT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm presently has a $9.75 price target on the stock. Zacks Investment Research’s price objective suggests a potential upside of 14.71% from the stock’s current price.
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. “
Several other research analysts have also commented on MXPT. Needham & Company LLC reiterated a “hold” rating on shares of MaxPoint Interactive in a report on Friday, November 11th. Pacific Crest reiterated a “hold” rating on shares of MaxPoint Interactive in a report on Wednesday, August 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.88.
Shares of MaxPoint Interactive (NASDAQ:MXPT) opened at 8.50 on Friday. MaxPoint Interactive has a 12-month low of $4.64 and a 12-month high of $11.94. The company’s market capitalization is $56.36 million. The stock has a 50 day moving average of $8.84 and a 200-day moving average of $9.62.
An institutional investor recently raised its position in MaxPoint Interactive stock. Parametric Portfolio Associates LLC increased its position in MaxPoint Interactive Inc. (NASDAQ:MXPT) by 34.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,114 shares of the company’s stock after buying an additional 4,680 shares during the period. Parametric Portfolio Associates LLC owned about 0.27% of MaxPoint Interactive worth $196,000 as of its most recent SEC filing. 14.57% of the stock is currently owned by institutional investors and hedge funds.
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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