Marchex (NASDAQ:MCHX) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Marchex (NASDAQ:MCHX) in a report published on Monday morning. The brokerage issued a hold rating on the technology company’s stock.

Marchex Stock Down 0.5 %

Shares of NASDAQ MCHX opened at $1.99 on Monday. The company’s fifty day moving average is $1.98 and its 200-day moving average is $1.89. The stock has a market cap of $86.93 million, a price-to-earnings ratio of -22.11 and a beta of 1.87. Marchex has a twelve month low of $1.11 and a twelve month high of $2.40.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings results on Thursday, March 6th. The technology company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm had revenue of $11.92 million for the quarter, compared to the consensus estimate of $12.01 million. Marchex had a negative return on equity of 10.76% and a negative net margin of 8.60%. On average, research analysts anticipate that Marchex will post -0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Marchex

A number of hedge funds and other institutional investors have recently made changes to their positions in MCHX. AMH Equity Ltd acquired a new stake in shares of Marchex during the fourth quarter worth $438,000. LPL Financial LLC acquired a new stake in shares of Marchex during the fourth quarter worth $55,000. Arcadia Wealth Management Inc. acquired a new stake in shares of Marchex during the fourth quarter worth $51,000. Geode Capital Management LLC raised its holdings in shares of Marchex by 9.1% during the third quarter. Geode Capital Management LLC now owns 347,386 shares of the technology company’s stock worth $650,000 after acquiring an additional 29,042 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of Marchex by 55.5% during the fourth quarter. Millennium Management LLC now owns 21,287 shares of the technology company’s stock worth $37,000 after acquiring an additional 7,598 shares during the period. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Marchex Company Profile

Marchex, Inc, a conversation intelligence company, provides conversational analytics and related solutions in the United States, Canada, and internationally. Its products include Marketing Edge that identifies which campaigns and channels are driving inbound conversations, evaluates what happens during those conversations, and closes the sales loop by connecting converted sales to marketing driven leads; Sonar Business Text Messaging, an artificial intelligence (AI) empowered intelligent workflow enabled mobile messaging solution that enables operations, sales, and marketing teams to communicate personally with field staff, prospects, and customers; Marchex Platform Services, a robust API-based conversation intelligence product that allows executives, sales, customer engagement, and marketing teams to apply Marchex AI to most any calls, regardless of communication platform, in order to identify actionable insights from conversations with their customers; Spotlight, an AI conversation analytics product for multi-location businesses; and Engage, a solution that provides locations with applications to enhance their overall performance.