Marchex Inc. (NASDAQ:MCHX) – Research analysts at Roth Capital dropped their Q3 2016 earnings per share (EPS) estimates for shares of Marchex in a research note issued to investors on Tuesday. Roth Capital analyst D. Aftahi now expects that the brokerage will post earnings of ($0.08) per share for the quarter, down from their prior forecast of ($0.07). Roth Capital has a “Neutral” rating on the stock. Roth Capital also issued estimates for Marchex’s FY2016 earnings at ($0.31) EPS and Q1 2017 earnings at ($0.04) EPS.
Separately, Zacks Investment Research cut Marchex from a “hold” rating to a “sell” rating in a report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Marchex presently has a consensus rating of “Hold” and an average price target of $5.69.
Marchex (NASDAQ:MCHX) traded up 2.69% during mid-day trading on Thursday, hitting $2.67. 54,355 shares of the stock traded hands. The company has a 50 day moving average of $2.79 and a 200-day moving average of $3.41. Marchex has a 12-month low of $2.55 and a 12-month high of $5.14. The stock’s market cap is $111.42 million.
Marchex (NASDAQ:MCHX) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The business had revenue of $34.40 million for the quarter, compared to the consensus estimate of $34.97 million. Marchex had a negative net margin of 50.09% and a negative return on equity of 5.14%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 EPS.
Institutional investors have recently added to or reduced their stakes in the stock. Springbok Capital Management LLC boosted its position in Marchex by 12.2% in the first quarter. Springbok Capital Management LLC now owns 23,139 shares of the company’s stock valued at $103,000 after buying an additional 2,520 shares during the period. TFS Capital LLC acquired a new position in Marchex during the second quarter valued at approximately $114,000. Rhumbline Advisers boosted its position in shares of Marchex by 8.2% in the second quarter. Rhumbline Advisers now owns 57,043 shares of the company’s stock valued at $181,000 after buying an additional 4,320 shares during the period. Menta Capital LLC boosted its position in shares of Marchex by 2.6% in the second quarter. Menta Capital LLC now owns 69,099 shares of the company’s stock valued at $220,000 after buying an additional 1,772 shares during the period. Finally, California State Teachers Retirement System boosted its position in shares of Marchex by 1.6% in the second quarter. California State Teachers Retirement System now owns 70,117 shares of the company’s stock valued at $223,000 after buying an additional 1,100 shares during the period. Institutional investors own 53.84% of the company’s stock.
Marchex Company Profile
Marchex, Inc is an advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. The Company’s media analytics products connect call data to media channels, including search and display – down to the campaign, keyword and impression.
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