Weekly Research Analysts’ Ratings Updates for Marchex (MCHX)

A number of firms have modified their ratings and price targets on shares of Marchex (NASDAQ: MCHX) recently:

  • 8/14/2019 – Marchex was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Marchex is a leading mobile and online advertising company that drives millions of consumers to connect with businesses over the phone, delivers the most quality phone calls in the industry, and provides in-depth analysis of those phone calls. Through their robust platform, they offer three critical components for businesses looking to acquire new customers through phone calls. Marchex Call Analytics offers ad campaign measurement and intelligence and their Digital Call Marketplace and Local Leads solutions are designed for advertisers focused on new customer acquisition. The Marchex platform drives, measures and monetizes millions of mobile and online connections through the phone to advertisers each month. Their Digital Call Marketplace combines exclusive and preferred relationships with leading mobile carriers and mobile application developers, such as AT&T, Verizon, and Sprint, with the analytics technology to constantly measure and optimize ad campaign results. “
  • 8/9/2019 – Marchex was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $4.50 price target on the stock. According to Zacks, “Marchex is a leading mobile and online advertising company that drives millions of consumers to connect with businesses over the phone, delivers the most quality phone calls in the industry, and provides in-depth analysis of those phone calls. Through their robust platform, they offer three critical components for businesses looking to acquire new customers through phone calls. Marchex Call Analytics offers ad campaign measurement and intelligence and their Digital Call Marketplace and Local Leads solutions are designed for advertisers focused on new customer acquisition. The Marchex platform drives, measures and monetizes millions of mobile and online connections through the phone to advertisers each month. Their Digital Call Marketplace combines exclusive and preferred relationships with leading mobile carriers and mobile application developers, such as AT&T, Verizon, and Sprint, with the analytics technology to constantly measure and optimize ad campaign results. “
  • 8/6/2019 – Marchex was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/3/2019 – Marchex was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Marchex is a leading mobile and online advertising company that drives millions of consumers to connect with businesses over the phone, delivers the most quality phone calls in the industry, and provides in-depth analysis of those phone calls. Through their robust platform, they offer three critical components for businesses looking to acquire new customers through phone calls. Marchex Call Analytics offers ad campaign measurement and intelligence and their Digital Call Marketplace and Local Leads solutions are designed for advertisers focused on new customer acquisition. The Marchex platform drives, measures and monetizes millions of mobile and online connections through the phone to advertisers each month. Their Digital Call Marketplace combines exclusive and preferred relationships with leading mobile carriers and mobile application developers, such as AT&T, Verizon, and Sprint, with the analytics technology to constantly measure and optimize ad campaign results. “
  • 7/10/2019 – Marchex was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $5.25 price target on the stock. According to Zacks, “Marchex is a leading mobile and online advertising company that drives millions of consumers to connect with businesses over the phone, delivers the most quality phone calls in the industry, and provides in-depth analysis of those phone calls. Through their robust platform, they offer three critical components for businesses looking to acquire new customers through phone calls. Marchex Call Analytics offers ad campaign measurement and intelligence and their Digital Call Marketplace and Local Leads solutions are designed for advertisers focused on new customer acquisition. The Marchex platform drives, measures and monetizes millions of mobile and online connections through the phone to advertisers each month. Their Digital Call Marketplace combines exclusive and preferred relationships with leading mobile carriers and mobile application developers, such as AT&T, Verizon, and Sprint, with the analytics technology to constantly measure and optimize ad campaign results. “
  • 7/4/2019 – Marchex was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Marchex is a leading mobile and online advertising company that drives millions of consumers to connect with businesses over the phone, delivers the most quality phone calls in the industry, and provides in-depth analysis of those phone calls. Through their robust platform, they offer three critical components for businesses looking to acquire new customers through phone calls. Marchex Call Analytics offers ad campaign measurement and intelligence and their Digital Call Marketplace and Local Leads solutions are designed for advertisers focused on new customer acquisition. The Marchex platform drives, measures and monetizes millions of mobile and online connections through the phone to advertisers each month. Their Digital Call Marketplace combines exclusive and preferred relationships with leading mobile carriers and mobile application developers, such as AT&T, Verizon, and Sprint, with the analytics technology to constantly measure and optimize ad campaign results. “

Shares of NASDAQ MCHX traded down $0.02 during midday trading on Tuesday, hitting $3.45. 805 shares of the company’s stock were exchanged, compared to its average volume of 189,614. Marchex, Inc. has a 12-month low of $2.47 and a 12-month high of $5.57. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.07. The company has a market cap of $148.39 million, a price-to-earnings ratio of -57.50 and a beta of 1.44. The business’s fifty day moving average price is $4.25 and its two-hundred day moving average price is $4.53.

In other news, major shareholder Long Only Value Fund Edenbrook bought 61,600 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was bought at an average price of $4.11 per share, for a total transaction of $253,176.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Edenbrook Capital, Llc bought 15,608 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was purchased at an average price of $4.39 per share, with a total value of $68,519.12. The disclosure for this purchase can be found here. Insiders have bought 251,311 shares of company stock valued at $987,987 in the last three months. 18.43% of the stock is owned by insiders.



A number of large investors have recently added to or reduced their stakes in MCHX. Tower Research Capital LLC TRC bought a new stake in Marchex in the 2nd quarter worth approximately $45,000. Thompson Siegel & Walmsley LLC bought a new stake in Marchex in the 1st quarter worth approximately $55,000. AMP Capital Investors Ltd bought a new stake in Marchex in the 2nd quarter worth approximately $62,000. Raymond James Trust N.A. lifted its position in Marchex by 72.4% in the 1st quarter. Raymond James Trust N.A. now owns 19,426 shares of the technology company’s stock worth $92,000 after buying an additional 8,160 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Marchex in the 2nd quarter worth approximately $92,000. Institutional investors own 55.93% of the company’s stock.

Marchex, Inc operates as a call analytics company that helps businesses connect, drive, measure, and convert callers into customers. Its products include Marchex Call Analytics, an analytics platform for enterprises that depend on inbound phone calls to drive sales, appointments, and reservations; Marchex Speech Analytics that enable actionable insights for enterprise, mid-sized, and small businesses; Text Analytics and Communications, which enable businesses to send and receive text/SMS messages with customers; Call Monitoring; Marchex Omnichannel Analytics Cloud products, such as Marchex Search Analytics, a product for search marketers that drive phone calls from search campaigns, as well as Marchex Display and Video Analytics, a product for marketers that buy digital display advertising; Marchex Site Analytics, a product for marketers that can drive phone calls from Websites; and Marchex Social Analytics, a product for marketers that buy social media advertising.

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