Marchex (NASDAQ:MCHX) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Marchex (NASDAQ:MCHX - Get Free Report) in a research note issued on Tuesday. The brokerage set a "hold" rating on the technology company's stock.

Marchex Stock Performance

MCHX stock traded down $0.09 during trading on Tuesday, reaching $1.62. The company had a trading volume of 74,452 shares, compared to its average volume of 42,097. The firm has a 50-day simple moving average of $1.55 and a 200-day simple moving average of $1.80. The company has a market cap of $70.82 million, a price-to-earnings ratio of -18.00 and a beta of 1.78. Marchex has a twelve month low of $1.26 and a twelve month high of $2.40.

Marchex (NASDAQ:MCHX - Get Free Report) last released its earnings results on Thursday, March 6th. The technology company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). Marchex had a negative return on equity of 10.76% and a negative net margin of 8.60%. The company had revenue of $11.92 million during the quarter, compared to analyst estimates of $12.01 million. Sell-side analysts expect that Marchex will post -0.1 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Edenbrook Capital, Llc bought 69,197 shares of the firm's stock in a transaction on Tuesday, March 25th. The shares were bought at an average price of $1.75 per share, with a total value of $121,094.75. Following the completion of the transaction, the insider now directly owns 1,391,535 shares of the company's stock, valued at $2,435,186.25. This represents a 5.23% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.65% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Edenbrook Capital LLC lifted its position in Marchex by 0.7% in the first quarter. Edenbrook Capital LLC now owns 14,664,380 shares of the technology company's stock valued at $23,903,000 after buying an additional 102,475 shares during the last quarter. Kanen Wealth Management LLC acquired a new stake in shares of Marchex during the first quarter worth about $813,000. Geode Capital Management LLC lifted its position in shares of Marchex by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 359,641 shares of the technology company's stock worth $630,000 after purchasing an additional 12,255 shares in the last quarter. AMH Equity Ltd acquired a new stake in shares of Marchex during the fourth quarter worth about $438,000. Finally, LPL Financial LLC acquired a new stake in shares of Marchex during the fourth quarter worth about $55,000. Institutional investors and hedge funds own 73.46% of the company's stock.

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.