Gamco Investors INC. ET AL purchased a new stake in MaxPoint Interactive Inc (NASDAQ:MXPT) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 40,000 shares of the software maker’s stock, valued at approximately $556,000. Gamco Investors INC. ET AL owned 0.59% of MaxPoint Interactive at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of MXPT. Spark Investment Management LLC boosted its stake in shares of MaxPoint Interactive by 124.3% in the second quarter. Spark Investment Management LLC now owns 58,100 shares of the software maker’s stock valued at $431,000 after buying an additional 32,200 shares during the period. Essex Investment Management Co. LLC bought a new stake in shares of MaxPoint Interactive in the second quarter valued at approximately $191,000. Finally, Renaissance Technologies LLC bought a new stake in shares of MaxPoint Interactive in the first quarter valued at approximately $165,000. Institutional investors and hedge funds own 8.00% of the company’s stock.
Shares of MaxPoint Interactive Inc (NASDAQ:MXPT) opened at $13.85 on Thursday. MaxPoint Interactive Inc has a 12 month low of $3.85 and a 12 month high of $13.89.
MaxPoint Interactive (NASDAQ:MXPT) last released its earnings results on Monday, August 14th. The software maker reported ($0.75) earnings per share for the quarter, missing the consensus estimate of ($0.67) by ($0.08). MaxPoint Interactive had a negative return on equity of 70.90% and a negative net margin of 15.33%. The business had revenue of $23.40 million for the quarter.
Separately, ValuEngine upgraded MaxPoint Interactive from a “sell” rating to a “hold” rating in a research note on Monday, August 28th.
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MaxPoint Interactive 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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