Marchex (NASDAQ:MCHX) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Marchex (NASDAQ:MCHXGet Rating) in a research report issued on Tuesday. The firm set a “hold” rating on the technology company’s stock.

Several other equities analysts have also weighed in on MCHX. TheStreet lowered shares of Marchex from a “c-” rating to a “d+” rating in a research report on Thursday, February 24th. Roth Capital decreased their price target on shares of Marchex from $4.75 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, December 28th. Finally, Zacks Investment Research upgraded shares of Marchex from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a research note on Thursday, March 10th.

Shares of MCHX opened at $2.14 on Tuesday. The firm has a market capitalization of $90.46 million, a PE ratio of -21.40 and a beta of 1.88. The company’s 50-day moving average is $2.14 and its 200-day moving average is $2.54. Marchex has a fifty-two week low of $1.66 and a fifty-two week high of $3.63.

Marchex (NASDAQ:MCHXGet Rating) last issued its quarterly earnings data on Wednesday, March 2nd. The technology company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The company had revenue of $12.79 million for the quarter, compared to analyst estimates of $12.24 million. Marchex had a negative net margin of 8.21% and a negative return on equity of 14.00%. During the same period in the prior year, the firm earned ($0.08) earnings per share. As a group, sell-side analysts expect that Marchex will post -0.13 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. Edenbrook Capital LLC grew its stake in Marchex by 6.0% during the fourth quarter. Edenbrook Capital LLC now owns 14,524,634 shares of the technology company’s stock worth $36,021,000 after buying an additional 821,126 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Marchex by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 269,674 shares of the technology company’s stock worth $668,000 after acquiring an additional 6,921 shares during the last quarter. B. Riley Financial Inc. lifted its holdings in shares of Marchex by 24.2% in the fourth quarter. B. Riley Financial Inc. now owns 2,971,911 shares of the technology company’s stock worth $7,370,000 after acquiring an additional 579,732 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Marchex by 256.5% in the fourth quarter. First Eagle Investment Management LLC now owns 205,801 shares of the technology company’s stock worth $510,000 after acquiring an additional 148,078 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Marchex by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 200,869 shares of the technology company’s stock worth $498,000 after acquiring an additional 4,934 shares during the last quarter. Hedge funds and other institutional investors own 59.91% of the company’s stock.

Marchex Company Profile (Get Rating)

Marchex, Inc operates as an analytics and solutions company that helps businesses connect, drive, measure, and convert callers into customers in the United States and Canada. Its products include Marchex Call Analytics, an analytics platform for enterprises, which depend on inbound phone calls to drive sales, appointments, and reservations; Marchex Call Analytics, Conversation Edition that enable actionable insights for enterprise, mid-sized, and small businesses; Text Analytics and Communications, a solution for intelligent mobile messaging, which enables sales, marketing, and operations teams in businesses to engage in two-way communications with field staff, prospects, and customers through text/SMS messages; Call Monitoring for call recording; and Marchex Marketing Edge, an analytics solution for marketers in enterprise, mid-sized and small businesses that depend on inbound phone calls to drive sales, appointments and reservations.

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