News stories about Marchex (NASDAQ:MCHX) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Marchex earned a daily sentiment score of 0.02 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.6983317652259 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of research firms have weighed in on MCHX. TheStreet lowered Marchex from a “c-” rating to a “d+” rating in a research note on Wednesday, March 14th. Zacks Investment Research lowered Marchex from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd.
Marchex stock traded up $0.04 during trading hours on Monday, reaching $2.89. The company’s stock had a trading volume of 72,344 shares, compared to its average volume of 107,839. Marchex has a 12 month low of $2.59 and a 12 month high of $3.67. The stock has a market capitalization of $124.46, a P/E ratio of -19.33 and a beta of 1.33.
Marchex (NASDAQ:MCHX) last posted its earnings results on Thursday, February 15th. The technology company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. Marchex had a negative return on equity of 4.95% and a negative net margin of 6.74%. The company had revenue of $21.85 million for the quarter, compared to the consensus estimate of $21.10 million. During the same quarter in the previous year, the business earned ($0.04) earnings per share. The company’s revenue for the quarter was down 23.1% on a year-over-year basis. research analysts anticipate that Marchex will post -0.07 earnings per share for the current fiscal year.
In other Marchex news, major shareholder Edenbrook Capital, Llc bought 50,000 shares of Marchex stock in a transaction on Friday, March 9th. The shares were bought at an average price of $2.85 per share, for a total transaction of $142,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 353,831 shares of company stock worth $1,138,437 in the last 90 days. Company insiders own 27.35% of the company’s stock.
Marchex Company Profile
Marchex, Inc is a mobile advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. Its media analytics products can provide actionable intelligence on media channels advertisers use to acquire customers over the phone. Its Marchex Omnichannel Analytics Cloud helps marketers connect customer conversions driven from paid media channels, including search, display and video, social and sites, to phone calls made to a business.
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