Media stories about Marchex (NASDAQ:MCHX) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Marchex earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.808562768757 out of 100, indicating that recent press 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 research reports. Zacks Investment Research raised shares of Marchex from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a report on Wednesday, March 28th. TheStreet raised shares of Marchex from a “d+” rating to a “c-” rating in a report on Thursday, February 15th.
Shares of Marchex traded down $0.07, hitting $2.65, during midday trading on Thursday, MarketBeat Ratings reports. 12,574 shares of the company traded hands, compared to its average volume of 57,664. The firm has a market capitalization of $118.18 million, a PE ratio of -18.93 and a beta of 1.14. Marchex has a 12 month low of $2.52 and a 12 month high of $3.67.
Marchex (NASDAQ:MCHX) last announced its quarterly earnings results on Thursday, May 3rd. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $21.90 million for the quarter, compared to the consensus estimate of $21.10 million. Marchex had a negative net margin of 3.99% and a negative return on equity of 3.54%. equities research analysts predict that Marchex will post -0.09 EPS for the current year.
In other Marchex news, major shareholder Edenbrook Capital, Llc bought 43,014 shares of Marchex stock in a transaction on Wednesday, March 28th. The shares were purchased at an average cost of $2.65 per share, with a total value of $113,987.10. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have purchased a total of 173,326 shares of company stock worth $468,511 over the last ninety days. 27.35% of the stock is currently owned by insiders.
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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