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

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

Marchex Price Performance

Shares of NASDAQ:MCHX opened at $1.98 on Tuesday. The firm has a fifty day moving average price of $1.91 and a two-hundred day moving average price of $1.83. The company has a market cap of $86.49 million, a price-to-earnings ratio of -22.00 and a beta of 1.91. Marchex has a one year low of $1.11 and a one year high of $2.40.

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

Institutional Investors Weigh In On Marchex

A hedge fund recently raised its stake in Marchex stock. Geode Capital Management LLC raised its stake in Marchex, Inc. (NASDAQ:MCHX) by 9.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 347,386 shares of the technology company’s stock after buying an additional 29,042 shares during the period. 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 owned by 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.