Headlines about Marchex (NASDAQ:MCHX) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Marchex earned a news impact score of 0.02 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.6983317652259 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
MCHX has been the topic of several analyst reports. Zacks Investment Research raised Marchex from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Saturday. TheStreet cut Marchex from a “c-” rating to a “d+” rating in a research report on Wednesday, March 14th.
NASDAQ:MCHX opened at $2.65 on Wednesday. Marchex has a 52-week low of $2.57 and a 52-week high of $3.67. The firm has a market cap of $115.25, a P/E ratio of -19.00 and a beta of 1.25.
Marchex (NASDAQ:MCHX) last announced its earnings results on Thursday, February 15th. The technology company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $21.85 million for the quarter, compared to analyst estimates of $21.10 million. Marchex had a negative return on equity of 4.95% and a negative net margin of 6.74%. The company’s quarterly revenue was down 23.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) EPS. research analysts anticipate that Marchex will post -0.07 earnings per share for the current year.
In related news, major shareholder Edenbrook Capital, Llc bought 80,773 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was bought at an average cost of $3.23 per share, for a total transaction of $260,896.79. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have bought a total of 413,345 shares of company stock worth $1,295,984 over the last quarter. Corporate insiders own 27.35% of the company’s stock.
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Marchex Company Profile
Marchex, Inc operates as a call analytics company. Its products include Marchex Call Analytics, an analytics technology platform that provides data and insights to measure the performance of mobile, online, and offline advertising for advertisers and small business resellers; and Marchex Speech Analytics delivers actionable operational and advertising insights of inbound calls from consumer's interactions.
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