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

Equities research analysts at StockNews.com assumed coverage on shares of Marchex (NASDAQ:MCHX) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the technology company’s stock.

Marchex Stock Performance

Shares of MCHX stock opened at $1.93 on Wednesday. The company’s 50-day moving average is $1.93 and its 200 day moving average is $1.84. Marchex has a one year low of $1.11 and a one year high of $2.40. The company has a market capitalization of $84.30 million, a price-to-earnings ratio of -21.44 and a beta of 1.91.

Marchex (NASDAQ:MCHX) last released its quarterly earnings results on Thursday, October 31st. The technology company reported ($0.02) earnings per share for the quarter. The business 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 previous year, the business posted ($0.03) earnings per share. As a group, research analysts predict that Marchex will post -0.1 earnings per share for the current fiscal year.

Institutional Trading of Marchex

An institutional investor recently raised its position in Marchex stock. Geode Capital Management LLC boosted its position in Marchex, Inc. (NASDAQ:MCHX) by 9.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 347,386 shares of the technology company’s stock after purchasing an additional 29,042 shares during the period. Geode Capital Management LLC owned approximately 0.80% of Marchex worth $650,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 73.46% of the stock is currently owned by institutional investors and hedge funds.

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.