StockNews.com Begins Coverage on Marchex (NASDAQ:MCHX)

Equities researchers at StockNews.com began coverage on shares of Marchex (NASDAQ:MCHX) in a research note issued on Tuesday. The firm set a “hold” rating on the technology company’s stock.

Marchex Price Performance

NASDAQ MCHX opened at $1.96 on Tuesday. Marchex has a one year low of $1.11 and a one year high of $2.40. The business has a 50 day simple moving average of $1.91 and a 200 day simple moving average of $1.83. The stock has a market capitalization of $85.61 million, a P/E ratio of -21.78 and a beta of 1.91.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported ($0.02) EPS for the quarter. Marchex had a negative return on equity of 10.76% and a negative net margin of 8.60%. The company had revenue of $12.55 million for the quarter, compared to analyst estimates of $12.60 million. During the same period last year, the business earned ($0.03) EPS. Equities analysts expect that Marchex will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On Marchex

A hedge fund recently raised its stake in Marchex stock. Geode Capital Management LLC increased its position in shares of Marchex, Inc. (NASDAQ:MCHX) by 9.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 347,386 shares of the technology company’s stock after buying an additional 29,042 shares during the quarter. Geode Capital Management LLC owned about 0.80% of Marchex worth $650,000 at the end of the most recent quarter. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

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.