Equities analysts predict that Marchex, Inc. (NASDAQ:MCHX) will announce earnings of $0.01 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Marchex’s earnings. The lowest EPS estimate is $0.00 and the highest is $0.01. Marchex also reported earnings per share of $0.01 in the same quarter last year. The company is expected to report its next quarterly earnings report after the market closes on Wednesday, February 13th.
On average, analysts expect that Marchex will report full-year earnings of ($0.01) per share for the current fiscal year. For the next year, analysts expect that the company will report earnings of $0.02 per share, with EPS estimates ranging from $0.01 to $0.02. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Marchex.
MCHX has been the topic of several analyst reports. Roth Capital raised shares of Marchex from a “neutral” rating to a “buy” rating and boosted their price target for the company from $3.40 to $7.00 in a report on Monday, January 28th. TheStreet raised shares of Marchex from a “d+” rating to a “c-” rating in a report on Wednesday, January 30th. Finally, Zacks Investment Research lowered shares of Marchex from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th.
In other news, major shareholder Edenbrook Capital, Llc bought 63,059 shares of the stock in a transaction dated Thursday, December 20th. The shares were acquired at an average price of $2.68 per share, with a total value of $168,998.12. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 22.49% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. We Are One Seven LLC grew its holdings in shares of Marchex by 20.2% in the 4th quarter. We Are One Seven LLC now owns 19,400 shares of the technology company’s stock worth $51,000 after purchasing an additional 3,260 shares during the last quarter. Algert Global LLC bought a new stake in shares of Marchex in the 4th quarter worth about $29,000. FNY Investment Advisers LLC bought a new stake in shares of Marchex in the 4th quarter worth about $42,000. BlackRock Inc. grew its holdings in shares of Marchex by 3.6% in the 2nd quarter. BlackRock Inc. now owns 794,348 shares of the technology company’s stock worth $2,430,000 after purchasing an additional 27,930 shares during the last quarter. Finally, Cpwm LLC grew its holdings in shares of Marchex by 15.0% in the 3rd quarter. Cpwm LLC now owns 260,860 shares of the technology company’s stock worth $725,000 after purchasing an additional 34,013 shares during the last quarter. 49.40% of the stock is currently owned by institutional investors and hedge funds.
Marchex, Inc is a call analytics company, which engages in connecting online behavior to real-world and offline actions. The company offers driving phone calls and local leads platform through the Call-Driven segment. Its products include call, search, and display and video analytics. The company was founded by Russell C.
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