MaxPoint Interactive Inc. (NASDAQ:MXPT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research 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 reiterated 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 issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $5.83.

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

MaxPoint Interactive (NASDAQ:MXPT) last released its quarterly earnings data on Wednesday, August 10th. The company reported ($0.87) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.81) by $0.06. The business earned $23.20 million during the quarter, compared to analyst estimates of $23.17 million. MaxPoint Interactive had a negative return on equity of 58.11% and a negative net margin of 18.86%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.15) EPS. Equities research analysts forecast that MaxPoint Interactive will post ($3.01) EPS for the current year.

A number of hedge funds have recently made changes to their positions in MXPT. Panagora Asset Management Inc. increased 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 worth $115,000 after buying an additional 7,042 shares during the period. Parametric Portfolio Associates LLC increased its stake 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 during the period. Finally, Spark Investment Management LLC increased its stake 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 during the period. 14.75% of the stock is currently owned by hedge funds and other institutional investors.

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.

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