Marchex (NASDAQ:MCHX) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Marchex (NASDAQ:MCHX) in a research report report published on Tuesday. The brokerage issued a hold rating on the technology company’s stock.

Marchex Stock Down 8.8 %

Shares of NASDAQ MCHX opened at $1.76 on Tuesday. Marchex has a 52-week low of $1.20 and a 52-week high of $2.40. The firm has a fifty day moving average of $1.97 and a 200-day moving average of $1.89. The stock has a market capitalization of $76.88 million, a PE ratio of -19.55 and a beta of 1.87.

Marchex (NASDAQ:MCHX) last posted its earnings results on Thursday, March 6th. The technology company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The business had revenue of $11.92 million for the quarter, compared to analyst estimates of $12.01 million. Marchex had a negative net margin of 8.60% and a negative return on equity of 10.76%. Equities research analysts expect that Marchex will post -0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Marchex

A number of institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in Marchex by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 359,641 shares of the technology company’s stock worth $630,000 after buying an additional 12,255 shares in the last quarter. AMH Equity Ltd acquired a new position in Marchex in the 4th quarter worth $438,000. LPL Financial LLC acquired a new position in Marchex in the 4th quarter worth $55,000. Arcadia Wealth Management Inc. acquired a new position in Marchex in the 4th quarter worth $51,000. Finally, Millennium Management LLC lifted its holdings in Marchex by 55.5% in the 4th 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 in the last quarter. Institutional investors and hedge funds 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.