Marchex (NASDAQ:MCHX) is scheduled to release its earnings data after the market closes on Wednesday, August 7th. Analysts expect Marchex to post earnings of ($0.01) per share for the quarter.
Marchex (NASDAQ:MCHX) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.01 earnings per share for the quarter. The firm had revenue of $26.41 million during the quarter, compared to analysts’ expectations of $24.99 million. Marchex had a negative net margin of 3.40% and a negative return on equity of 1.77%. On average, analysts expect Marchex to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
NASDAQ:MCHX traded down $0.05 during trading hours on Thursday, reaching $4.30. 1,755 shares of the company’s stock were exchanged, compared to its average volume of 112,543. The firm has a market cap of $178.74 million, a price-to-earnings ratio of -71.33 and a beta of 1.47. The firm’s 50-day moving average is $4.54. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 0.07. Marchex has a 1-year low of $2.47 and a 1-year high of $5.57.
A number of analysts recently weighed in on MCHX shares. Northland Securities reiterated a “buy” rating and set a $7.00 price target on shares of Marchex in a research note on Friday, May 3rd. Zacks Investment Research upgraded shares of Marchex from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a research note on Wednesday, July 10th. Finally, ValuEngine cut shares of Marchex from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 3rd. Four analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $6.42.
In other news, major shareholder Edenbrook Capital, Llc bought 15,608 shares of Marchex stock in a transaction dated Wednesday, June 26th. The stock was bought at an average price of $4.39 per share, for a total transaction of $68,519.12. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Long Only Value Fund Edenbrook bought 61,600 shares of Marchex stock in a transaction dated Tuesday, June 11th. The stock was purchased at an average price of $4.11 per share, with a total value of $253,176.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 108,908 shares of company stock valued at $454,004. 22.49% of the stock is owned by company insiders.
Marchex, Inc operates as a call analytics company that helps businesses connect, drive, measure, and convert callers into customers. Its products include Marchex Call Analytics, an analytics platform for enterprises that depend on inbound phone calls to drive sales, appointments, and reservations; Marchex Speech Analytics that enable actionable insights for enterprise, mid-sized, and small businesses; Text Analytics and Communications, which enable businesses to send and receive text/SMS messages with customers; Call Monitoring; Marchex Omnichannel Analytics Cloud products, such as Marchex Search Analytics, a product for search marketers that drive phone calls from search campaigns, as well as Marchex Display and Video Analytics, a product for marketers that buy digital display advertising; Marchex Site Analytics, a product for marketers that can drive phone calls from Websites; and Marchex Social Analytics, a product for marketers that buy social media advertising.
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