Marchex Inc Sentiment Worsening on Low Stock Potential

July 27, 2018 - By Matthew Richard

Marchex, Inc. (NASDAQ:MCHX) Logo

Sentiment for Marchex Inc (NASDAQ:MCHX)

Marchex Inc (NASDAQ:MCHX) institutional sentiment decreased to 0.91 in Q1 2018. Its down -0.47, from 1.38 in 2017Q4. The ratio dived, as 29 institutional investors increased and started new holdings, while 32 cut down and sold their equity positions in Marchex Inc. The institutional investors in our partner’s database now have: 19.31 million shares, down from 19.71 million shares in 2017Q4. Also, the number of institutional investors holding Marchex Inc in their top 10 holdings decreased from 3 to 2 for a decrease of 1. Sold All: 10 Reduced: 22 Increased: 17 New Position: 12.

Marchex, Inc. operates as a mobile advertising analytics company. The company has market cap of $129.34 million. The Company’s 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 Search Analytics, a product for search marketers that drive phone calls from search campaigns, as well as attributes inbound phone calls made directly from paid search ads and landing pages to a keyword. It currently has negative earnings. The firm also provides Marchex Display and Video Analytics, a product for marketers that buy digital display advertising, as well as measures the influence that display advertising has on inbound phone calls; Marchex Social Analytics, a product for marketers that buy social media advertising; and Marchex Call Marketplace, a mobile advertising network for businesses that depend on inbound phone calls to drive sales, as well as offer advertisers ad placements across various mobile and online media sources to deliver qualified calls to their businesses.

The stock decreased 1.96% or $0.06 during the last trading session, reaching $3. About 169,422 shares traded or 178.96% up from the average. Marchex, Inc. (NASDAQ:MCHX) has risen 11.42% since July 27, 2017 and is uptrending. It has underperformed by 1.15% the S&P500.

Analysts await Marchex, Inc. (NASDAQ:MCHX) to report earnings on August, 1. They expect $-0.02 EPS, up 33.33 % or $0.01 from last year’s $-0.03 per share. After $-0.02 actual EPS reported by Marchex, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Roumell Asset Management Llc holds 8.52% of its portfolio in Marchex, Inc. for 1.42 million shares. P.A.W. Capital Corp owns 1.20 million shares or 3.94% of their US portfolio. Moreover, S Squared Technology Llc has 2.39% invested in the company for 1.02 million shares. The Oklahoma-based Prescott Group Capital Management L.L.C. has invested 1.33% in the stock. Winslow Asset Management Inc, a Ohio-based fund reported 1.07 million shares.

Since January 1, 0001, it had 7 buys, and 0 sales for $1.37 million activity.

Marchex, Inc. (NASDAQ:MCHX) Ratings Coverage

Ratings analysis reveals 50% of Marchex’s analysts are positive. Out of 2 Wall Street analysts rating Marchex, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $3.4 while the high is $600. The stock’s average target of $4.70 is 56.67% above today’s ($3) share price. MCHX was included in 2 notes of analysts from February 13, 2018. The rating was maintained by Roth Capital with “Hold” on Tuesday, February 13. The stock of Marchex, Inc. (NASDAQ:MCHX) has “Buy” rating given on Tuesday, June 12 by Northland Capital.

Marchex, Inc. (NASDAQ:MCHX) Institutional Positions Chart

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