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

Equities research analysts at StockNews.com assumed coverage on shares of Marchex (NASDAQ:MCHX - Get Free Report) in a report released on Monday. The brokerage set a "hold" rating on the technology company's stock.

Marchex Trading Up 1.3 %

MCHX traded up $0.03 during mid-day trading on Monday, hitting $2.03. 40,205 shares of the stock were exchanged, compared to its average volume of 44,604. The company has a market cap of $88.50 million, a PE ratio of -22.54 and a beta of 1.87. The firm's fifty day moving average is $1.97 and its two-hundred day moving average is $1.89. Marchex has a 1-year low of $1.11 and a 1-year high of $2.40.

Marchex (NASDAQ:MCHX - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported ($0.04) EPS for the quarter, missing the consensus estimate 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 business had revenue of $11.92 million during the quarter, compared to analysts' expectations of $12.01 million. As a group, research analysts anticipate that Marchex will post -0.1 earnings per share for the current year.

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Institutional Trading of Marchex

Hedge funds have recently modified their holdings of the stock. Arcadia Wealth Management Inc. purchased a new stake in Marchex during the 4th quarter worth about $51,000. Millennium Management LLC increased its stake in shares of Marchex by 55.5% during the fourth quarter. Millennium Management LLC now owns 21,287 shares of the technology company's stock worth $37,000 after buying an additional 7,598 shares during the period. Geode Capital Management LLC raised its holdings in Marchex by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 359,641 shares of the technology company's stock valued at $630,000 after acquiring an additional 12,255 shares in the last quarter. LPL Financial LLC purchased a new position in Marchex in the fourth quarter worth approximately $55,000. Finally, AMH Equity Ltd acquired a new position in Marchex during the 4th quarter worth approximately $438,000. 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.