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

StockNews.com began coverage on shares of Marchex (NASDAQ:MCHX – Get Rating) in a research report report published on Monday. The firm issued a hold rating on the technology company’s stock.

Marchex Stock Down 6.2 %

NASDAQ:MCHX opened at $1.96 on Monday. Marchex has a 52-week low of $1.23 and a 52-week high of $3.63. The stock has a fifty day simple moving average of $1.71 and a 200-day simple moving average of $1.99. The company has a market capitalization of $82.94 million, a PE ratio of -98.00 and a beta of 2.01.

Marchex (NASDAQ:MCHX – Get Rating) last posted its earnings results on Thursday, May 12th. The technology company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. Marchex had a negative net margin of 1.19% and a negative return on equity of 8.11%. The firm had revenue of $13.17 million during the quarter, compared to the consensus estimate of $13.04 million. During the same period last year, the firm posted ($0.10) EPS. As a group, equities analysts anticipate that Marchex will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On Marchex

Several hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its position 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 raised its stake in Marchex by 64.4% in the 1st quarter. First Eagle Investment Management LLC now owns 338,294 shares of the technology company’s stock valued at $775,000 after purchasing an additional 132,493 shares during the last quarter. B. Riley Financial Inc. lifted its holdings in Marchex by 1.5% in the 1st quarter. B. Riley Financial Inc. now owns 3,017,496 shares of the technology company’s stock valued at $6,910,000 after purchasing an additional 45,585 shares in the last quarter. Finally, Edenbrook Capital LLC boosted its stake in shares of Marchex by 6.0% during the 4th quarter. Edenbrook Capital LLC now owns 14,524,634 shares of the technology company’s stock worth $36,021,000 after purchasing an additional 821,126 shares during the last quarter. Hedge funds and other institutional investors own 72.41% of the company’s stock.

Marchex Company Profile

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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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