Marchex (MCHX) Earning Somewhat Favorable Press Coverage, Report Shows
News headlines about Marchex (NASDAQ:MCHX) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Marchex earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 46.9019947045645 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Edited Transcript of MCHX earnings conference call or presentation 2-Aug-17 9:00pm GMT (finance.yahoo.com)
- Marchex Announces Second Quarter 2017 Results (finance.yahoo.com)
- Marchex reports 2Q loss (finance.yahoo.com)
- Marchex, Inc. (MCHX) Releases Earnings Results, Beats Expectations By $0.02 EPS (americanbankingnews.com)
- Marchex, Inc. (NASDAQ:MCHX) Upgraded to Sell at ValuEngine (americanbankingnews.com)
Several equities analysts have issued reports on MCHX shares. Zacks Investment Research upgraded Marchex from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Roth Capital set a $3.00 price target on Marchex and gave the stock a “hold” rating in a report on Saturday, May 6th. Finally, ValuEngine raised Marchex from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd.
Shares of Marchex (NASDAQ:MCHX) traded down 0.69% during midday trading on Tuesday, reaching $2.88. The company’s stock had a trading volume of 45,839 shares. The stock’s 50-day moving average price is $2.93 and its 200-day moving average price is $2.79. Marchex has a 12-month low of $2.46 and a 12-month high of $3.75. The company’s market cap is $121.61 million.
Marchex (NASDAQ:MCHX) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Marchex had a negative return on equity of 10.58% and a negative net margin of 15.53%. The company had revenue of $22.02 million for the quarter, compared to the consensus estimate of $21.97 million. During the same quarter in the prior year, the business earned ($0.02) EPS. Marchex’s revenue was down 36.0% on a year-over-year basis. On average, analysts expect that Marchex will post ($0.07) EPS for the current fiscal year.
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Marchex, Inc is a mobile advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. Its media analytics products can provide actionable intelligence on media channels advertisers use to acquire customers over the phone. Its Marchex Omnichannel Analytics Cloud helps marketers connect customer conversions driven from paid media channels, including search, display and video, social and sites, to phone calls made to a business.
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