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

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

Marchex Trading Down 1.6 %

MCHX opened at $1.23 on Tuesday. The business has a 50 day simple moving average of $1.34 and a two-hundred day simple moving average of $1.37. The firm has a market capitalization of $53.70 million, a price-to-earnings ratio of -5.35 and a beta of 1.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.45 and a quick ratio of 2.45. Marchex has a one year low of $1.11 and a one year high of $2.20.

Marchex (NASDAQ:MCHX) last released its quarterly earnings results on Thursday, March 14th. The technology company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The business had revenue of $12.40 million during the quarter, compared to analyst estimates of $12.76 million. Marchex had a negative return on equity of 21.51% and a negative net margin of 19.85%. Analysts predict that Marchex will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its position in Marchex by 0.8% during the 2nd quarter. BlackRock Inc. now owns 658,030 shares of the technology company’s stock valued at $1,395,000 after purchasing an additional 5,507 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Marchex by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 992,870 shares of the technology company’s stock worth $1,350,000 after acquiring an additional 19,168 shares during the period. Geode Capital Management LLC grew its holdings in shares of Marchex by 11.4% during the 2nd quarter. Geode Capital Management LLC now owns 302,440 shares of the technology company’s stock worth $641,000 after acquiring an additional 30,972 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Marchex by 8.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 202,219 shares of the technology company’s stock worth $339,000 after acquiring an additional 16,111 shares during the period. Finally, State Street Corp grew its holdings in shares of Marchex by 7.8% during the 1st quarter. State Street Corp now owns 136,696 shares of the technology company’s stock worth $313,000 after acquiring an additional 9,881 shares during the period. 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.