Marchex (NASDAQ:MCHX) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Marchex (NASDAQ:MCHX) in a research note issued to investors on Tuesday morning. The brokerage issued a hold rating on the technology company’s stock.

Marchex Stock Performance

MCHX stock opened at $1.98 on Tuesday. The stock has a fifty day moving average of $1.91 and a 200-day moving average of $1.83. Marchex has a fifty-two week low of $1.11 and a fifty-two week high of $2.40. The company has a market capitalization of $86.49 million, a price-to-earnings ratio of -22.00 and a beta of 1.91.

Marchex (NASDAQ:MCHX) last released its quarterly earnings data on Thursday, October 31st. The technology company reported ($0.02) EPS for the quarter. The business had revenue of $12.55 million for the quarter, compared to analysts’ expectations 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 last year, the company earned ($0.03) earnings per share. Equities analysts predict that Marchex will post -0.1 EPS for the current year.

Institutional Investors Weigh In On Marchex

A hedge fund recently raised its stake in Marchex stock. Geode Capital Management LLC lifted its stake in shares of Marchex, Inc. (NASDAQ:MCHX) by 9.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 347,386 shares of the technology company’s stock after purchasing an additional 29,042 shares during the quarter. Geode Capital Management LLC owned 0.80% of Marchex worth $650,000 as of its most recent SEC filing. 73.46% of the stock is owned by institutional investors and hedge funds.

About Marchex

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.