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 Monday. The firm issued a hold rating on the technology company’s stock.

Marchex Price Performance

Marchex stock opened at $1.99 on Monday. The firm has a market capitalization of $86.93 million, a PE ratio of -22.11 and a beta of 1.87. The company’s 50-day moving average is $1.98 and its 200-day moving average is $1.89. Marchex has a fifty-two week low of $1.11 and a fifty-two week high of $2.40.

Marchex (NASDAQ:MCHX) last announced its earnings results on Thursday, March 6th. The technology company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company 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%. As a group, analysts expect that Marchex will post -0.1 EPS for the current year.

Institutional Trading of Marchex

Several hedge funds and other institutional investors have recently modified their holdings of MCHX. Geode Capital Management LLC boosted its holdings in shares of Marchex by 9.1% during the 3rd quarter. Geode Capital Management LLC now owns 347,386 shares of the technology company’s stock worth $650,000 after buying an additional 29,042 shares during the period. AMH Equity Ltd bought a new stake in Marchex in the 4th quarter valued at about $438,000. LPL Financial LLC bought a new stake in Marchex in the 4th quarter valued at about $55,000. Millennium Management LLC boosted its holdings in Marchex by 55.5% in the 4th quarter. Millennium Management LLC now owns 21,287 shares of the technology company’s stock valued at $37,000 after purchasing an additional 7,598 shares during the period. Finally, Arcadia Wealth Management Inc. bought a new stake in Marchex in the 4th quarter valued at about $51,000. Institutional investors own 73.46% of the company’s stock.

About Marchex

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.