Wall Street brokerages expect Marchex, Inc. (NASDAQ:MCHX) to announce earnings of $0.01 per share for the current quarter, Zacks reports. Two analysts have made estimates for Marchex’s earnings. The highest EPS estimate is $0.01 and the lowest is $0.00. The business is scheduled to report its next quarterly earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that Marchex will report full year earnings of $0.01 per share for the current year, with EPS estimates ranging from $0.00 to $0.02. For the next financial year, analysts forecast that the company will post earnings of $0.01 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Marchex.

Marchex (NASDAQ:MCHX) last issued its quarterly earnings results on Wednesday, February 13th. The technology company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Marchex had a negative net margin of 3.14% and a negative return on equity of 3.04%. The firm had revenue of $23.13 million for the quarter, compared to analysts’ expectations of $22.57 million.

A number of equities research analysts have recently issued reports on the stock. TheStreet raised shares of Marchex from a “d+” rating to a “c-” rating in a report on Wednesday, January 30th. Roth Capital raised shares of Marchex from a “neutral” rating to a “buy” rating and upped their target price for the company from $3.40 to $7.00 in a report on Monday, January 28th. Zacks Investment Research cut shares of Marchex from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Finally, ValuEngine raised shares of Marchex from a “hold” rating to a “buy” rating in a report on Thursday, March 21st. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $6.00.

Hedge funds have recently modified their holdings of the company. We Are One Seven LLC grew its stake in Marchex by 20.2% in the 4th quarter. We Are One Seven LLC now owns 19,400 shares of the technology company’s stock valued at $51,000 after buying an additional 3,260 shares during the last quarter. Raymond James Trust N.A. grew its stake in Marchex by 72.4% in the 1st quarter. Raymond James Trust N.A. now owns 19,426 shares of the technology company’s stock valued at $92,000 after buying an additional 8,160 shares during the last quarter. Algert Global LLC acquired a new position in Marchex in the 4th quarter valued at about $29,000. FNY Investment Advisers LLC acquired a new position in Marchex in the 4th quarter valued at about $42,000. Finally, Baker Avenue Asset Management LP acquired a new position in Marchex in the 4th quarter valued at about $59,000. 49.05% of the stock is currently owned by institutional investors.

NASDAQ:MCHX traded down $0.03 on Friday, hitting $5.02. 131,641 shares of the company’s stock were exchanged, compared to its average volume of 206,990. Marchex has a 52 week low of $2.47 and a 52 week high of $5.19. The stock has a market capitalization of $211.33 million, a PE ratio of -83.67 and a beta of 1.57.

Marchex Company Profile

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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