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

StockNews.com initiated coverage on shares of Marchex (NASDAQ:MCHXGet Rating) in a report released on Wednesday. The brokerage set a “hold” rating on the technology company’s stock.

A number of other research firms also recently issued reports on MCHX. TheStreet downgraded shares of Marchex from a “c-” rating to a “d+” rating in a research note on Thursday, February 24th. Roth Capital lowered their target price on shares of Marchex from $4.75 to $4.00 and set a “buy” rating for the company 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 objective for the company in a research note on Thursday, March 10th.

Shares of MCHX stock opened at $1.83 on Wednesday. The stock has a market cap of $77.14 million, a P/E ratio of -18.25 and a beta of 1.88. Marchex has a 52 week low of $1.66 and a 52 week high of $3.63. The company’s fifty day simple moving average is $2.12 and its two-hundred day simple moving average is $2.50.

Marchex (NASDAQ:MCHXGet Rating) last announced its earnings results on Wednesday, March 2nd. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.04. Marchex had a negative net margin of 8.21% and a negative return on equity of 14.00%. The firm had revenue of $12.79 million for the quarter, compared to analysts’ expectations of $12.24 million. During the same period in the prior year, the company earned ($0.08) EPS. On average, research analysts forecast that Marchex will post -0.13 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the stock. Edenbrook Capital LLC increased its holdings in Marchex by 6.0% in the fourth quarter. Edenbrook Capital LLC now owns 14,524,634 shares of the technology company’s stock valued at $36,021,000 after buying an additional 821,126 shares in the last quarter. B. Riley Financial Inc. increased its stake in shares of Marchex by 24.2% during the fourth quarter. B. Riley Financial Inc. now owns 2,971,911 shares of the technology company’s stock worth $7,370,000 after purchasing an additional 579,732 shares in the last quarter. BlackRock Inc. increased its stake in shares of Marchex by 12.5% during the third quarter. BlackRock Inc. now owns 730,088 shares of the technology company’s stock worth $2,179,000 after purchasing an additional 80,993 shares in the last quarter. Geode Capital Management LLC boosted its position in Marchex by 2.6% during 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. Finally, First Eagle Investment Management LLC boosted its holdings in Marchex by 256.5% in the 4th quarter. First Eagle Investment Management LLC now owns 205,801 shares of the technology company’s stock valued at $510,000 after purchasing an additional 148,078 shares during the last quarter. 59.91% of the stock is owned by hedge funds and other institutional investors.

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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