Marchex (NASDAQ:MCHX) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS

by · The Cerbat Gem

Marchex (NASDAQ:MCHX – Get Free Report) posted its earnings results on Thursday. The technology company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03), Zacks reports. The business had revenue of $11.51 million for the quarter, compared to the consensus estimate of $11.93 million. Marchex had a negative return on equity of 12.76% and a negative net margin of 9.76%.

Marchex Stock Performance

Shares of MCHX traded down $0.06 on Thursday, reaching $1.54. The stock had a trading volume of 55,012 shares, compared to its average volume of 36,916. Marchex has a 12-month low of $1.26 and a 12-month high of $2.40. The company has a 50-day simple moving average of $1.84 and a 200-day simple moving average of $1.86. The firm has a market capitalization of $68.04 million, a price-to-earnings ratio of -14.00 and a beta of 1.95.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MCHX shares. Zacks Research downgraded shares of Marchex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Marchex in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Get Our Latest Research Report on Marchex

Institutional Trading of Marchex

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kanen Wealth Management LLC purchased a new position in Marchex during the 1st quarter valued at approximately $813,000. Manatuck Hill Partners LLC acquired a new position in shares of Marchex in the 2nd quarter valued at $88,000. Finally, Jane Street Group LLC purchased a new position in shares of Marchex in the 1st quarter valued at about $30,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Marchex Company Profile

(Get Free Report)

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.

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