Marchex (NASDAQ:MCHX) Earns Hold Rating from Analysts at StockNews.com

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

Marchex Stock Performance

NASDAQ:MCHX opened at $1.96 on Wednesday. The firm’s 50-day moving average is $1.93 and its 200-day moving average is $1.84. Marchex has a 52-week low of $1.11 and a 52-week high of $2.40. The company has a market cap of $85.39 million, a price-to-earnings ratio of -21.72 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. The firm had revenue of $12.55 million during the quarter, compared to the consensus estimate 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 business posted ($0.03) EPS. Equities analysts predict that Marchex will post -0.1 EPS for the current year.

Institutional Trading of Marchex

A hedge fund recently raised its stake in Marchex stock. Geode Capital Management LLC raised its stake in shares of Marchex, Inc. (NASDAQ:MCHX) by 9.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 347,386 shares of the technology company’s stock after purchasing an additional 29,042 shares during the quarter. Geode Capital Management LLC owned 0.80% of Marchex worth $650,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other 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.