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

Stock analysts at StockNews.com assumed coverage on shares of Marchex (NASDAQ:MCHX) in a report issued on Tuesday. The firm set a “hold” rating on the technology company’s stock.

Marchex Stock Down 3.5 %

Shares of NASDAQ MCHX opened at $1.91 on Tuesday. The stock’s 50 day moving average price is $1.98 and its two-hundred day moving average price is $1.89. Marchex has a 52-week low of $1.20 and a 52-week high of $2.40. The stock has a market capitalization of $83.43 million, a P/E ratio of -21.22 and a beta of 1.87.

Marchex (NASDAQ:MCHX) last issued 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). Marchex had a negative net margin of 8.60% and a negative return on equity of 10.76%. The firm had revenue of $11.92 million during the quarter, compared to the consensus estimate of $12.01 million. On average, analysts anticipate that Marchex will post -0.1 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC lifted its holdings in 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 acquiring an additional 7,598 shares during the last quarter. Arcadia Wealth Management Inc. acquired a new stake in shares of Marchex during the 4th quarter worth approximately $51,000. LPL Financial LLC bought a new stake in shares of Marchex in the 4th quarter worth approximately $55,000. AMH Equity Ltd acquired a new position in Marchex during the 4th quarter valued at approximately $438,000. Finally, Geode Capital Management LLC grew its stake in Marchex by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 359,641 shares of the technology company’s stock worth $630,000 after buying an additional 12,255 shares during the last quarter. 73.46% of the stock is 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.