Marchex (NASDAQ:MCHX) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Marchex (NASDAQ:MCHX) in a research report issued on Wednesday. The brokerage set a “hold” rating on the technology company’s stock.

Marchex Stock Up 0.5 %

NASDAQ:MCHX opened at $1.93 on Wednesday. The business’s 50-day moving average price is $1.93 and its two-hundred day moving average price is $1.84. The stock has a market cap of $84.30 million, a P/E ratio of -21.44 and a beta of 1.91. Marchex has a twelve month low of $1.11 and a twelve month high of $2.40.

Marchex (NASDAQ:MCHX) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported ($0.02) earnings per share for the quarter. The company had revenue of $12.55 million for the quarter, compared to analysts’ expectations of $12.60 million. Marchex had a negative net margin of 8.60% and a negative return on equity of 10.76%. During the same quarter last year, the business posted ($0.03) EPS. On average, equities research analysts expect that Marchex will post -0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Marchex

An institutional investor recently raised its position in Marchex stock. Geode Capital Management LLC increased its position in Marchex, Inc. (NASDAQ:MCHX) by 9.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 347,386 shares of the technology company’s stock after buying an additional 29,042 shares during the quarter. Geode Capital Management LLC owned 0.80% of Marchex worth $650,000 as of its most recent filing with the Securities & Exchange Commission. 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.