Marchex (NASDAQ:MCHX) Now Covered by Analysts at StockNews.com

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

Marchex Price Performance

Marchex stock opened at $1.69 on Wednesday. Marchex has a one year low of $1.20 and a one year high of $2.40. The company’s fifty day moving average price is $1.96 and its two-hundred day moving average price is $1.89. The company has a market capitalization of $73.88 million, a price-to-earnings ratio of -18.78 and a beta of 1.87.

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

Institutional Trading of Marchex

Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in Marchex by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 359,641 shares of the technology company’s stock valued at $630,000 after buying an additional 12,255 shares during the last quarter. AMH Equity Ltd bought a new stake in Marchex during the fourth quarter valued at about $438,000. LPL Financial LLC bought a new stake in Marchex during the fourth quarter valued at about $55,000. Arcadia Wealth Management Inc. acquired a new stake in shares of Marchex in the fourth quarter valued at about $51,000. Finally, Millennium Management LLC increased its stake in shares of Marchex by 55.5% in the fourth quarter. Millennium Management LLC now owns 21,287 shares of the technology company’s stock worth $37,000 after purchasing 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.