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

StockNews.com began coverage on shares of Marchex (NASDAQ:MCHXGet Rating) in a research note issued to investors on Monday. The firm set a “hold” rating on the technology company’s stock.

Marchex Stock Performance

Marchex stock opened at $1.96 on Monday. Marchex has a 1 year low of $1.23 and a 1 year high of $3.63. The company’s 50 day simple moving average is $1.71 and its 200-day simple moving average is $1.99. The company has a market capitalization of $82.94 million, a price-to-earnings ratio of -98.00 and a beta of 2.01.

Marchex (NASDAQ:MCHXGet Rating) last announced its earnings results on Thursday, May 12th. The technology company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. The firm had revenue of $13.17 million for the quarter, compared to the consensus estimate of $13.04 million. Marchex had a negative net margin of 1.19% and a negative return on equity of 8.11%. During the same period in the prior year, the firm earned ($0.10) EPS. Equities analysts expect that Marchex will post -0.1 earnings per share for the current year.

Institutional Trading of Marchex

Several institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp boosted its holdings in shares of Marchex by 7.8% in the first quarter. State Street Corp now owns 136,696 shares of the technology company’s stock valued at $313,000 after acquiring an additional 9,881 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of Marchex by 256.5% during the 4th quarter. First Eagle Investment Management LLC now owns 205,801 shares of the technology company’s stock worth $510,000 after purchasing an additional 148,078 shares during the period. B. Riley Financial Inc. increased its holdings in shares of Marchex by 24.2% in the 4th quarter. B. Riley Financial Inc. now owns 2,971,911 shares of the technology company’s stock valued at $7,370,000 after purchasing an additional 579,732 shares in the last quarter. Finally, Edenbrook Capital LLC lifted its stake in shares of Marchex by 6.0% in the fourth quarter. Edenbrook Capital LLC now owns 14,524,634 shares of the technology company’s stock valued at $36,021,000 after purchasing an additional 821,126 shares during the period. Hedge funds and other institutional investors own 72.41% of the company’s stock.

Marchex Company Profile

(Get Rating)

Marchex, Inc operates as an analytics and solutions company that helps businesses connect, drive, measure, and convert callers into customers in the United States and Canada. Its products include Marchex Call Analytics, an analytics platform for enterprises, which depend on inbound phone calls to drive sales, appointments, and reservations; Marchex Call Analytics, Conversation Edition that enable actionable insights for enterprise, mid-sized, and small businesses; Text Analytics and Communications, a solution for intelligent mobile messaging, which enables sales, marketing, and operations teams in businesses to engage in two-way communications with field staff, prospects, and customers through text/SMS messages; Call Monitoring for call recording; and Marchex Marketing Edge, an analytics solution for marketers in enterprise, mid-sized and small businesses that depend on inbound phone calls to drive sales, appointments and reservations.

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