Marchex (NASDAQ:MCHX) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Marchex (NASDAQ:MCHX - Free Report) in a report issued on Wednesday. The brokerage issued a hold rating on the technology company's stock.

Marchex Stock Performance

Marchex stock traded up $0.03 during midday trading on Wednesday, reaching $1.96. The stock had a trading volume of 37,347 shares, compared to its average volume of 31,892. The stock has a market capitalization of $85.39 million, a PE ratio of -21.72 and a beta of 1.91. The stock's 50-day simple moving average is $1.93 and its 200 day simple moving average is $1.84. Marchex has a twelve month low of $1.11 and a twelve month high of $2.40.

Marchex (NASDAQ:MCHX - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The technology company reported ($0.02) earnings per share for the quarter. The company had revenue of $12.55 million during the quarter, compared to analysts' expectations of $12.60 million. Marchex had a negative return on equity of 10.76% and a negative net margin of 8.60%. During the same quarter in the prior year, the company earned ($0.03) EPS. Equities analysts predict that Marchex will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Marchex

A hedge fund recently raised its stake in Marchex stock. Geode Capital Management LLC raised its position in shares of Marchex, Inc. (NASDAQ:MCHX - Free Report) by 9.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 347,386 shares of the technology company's stock after purchasing an additional 29,042 shares during the period. Geode Capital Management LLC owned 0.80% of Marchex worth $650,000 at the end of the most recent quarter. Institutional investors own 73.46% of the company's stock.

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.