Notable Reporting: What’s Propelling Marchex, Inc. to Decline So Much?

Notable Reporting: What's Propelling Marchex, Inc. to Decline So Much?

The stock of Marchex, Inc. (NASDAQ:MCHX) is a huge mover today! About 255,253 shares traded hands or 264.83% up from the average. Marchex, Inc. (NASDAQ:MCHX) has declined 36.93% since March 1, 2016 and is downtrending. It has underperformed by 46.17% the S&P500.
The move comes after 9 months negative chart setup for the $111.81M company. It was reported on Oct, 4 by Barchart.com. We have $2.26 PT which if reached, will make NASDAQ:MCHX worth $14.54M less.

Analysts await Marchex, Inc. (NASDAQ:MCHX) to report earnings on November, 2. After $-0.10 actual EPS reported by Marchex, Inc. for the previous quarter, Wall Street now forecasts -10.00% EPS growth.

Marchex, Inc. (NASDAQ:MCHX) Ratings Coverage

Out of 4 analysts covering Marchex (NASDAQ:MCHX), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Marchex has been the topic of 9 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by Piper Jaffray with “Overweight” on Friday, August 7. The stock has “Neutral” rating given by Roth Capital on Wednesday, August 10. On Thursday, November 5 the stock rating was maintained by RBC Capital Markets with “Outperform”. The company was maintained on Friday, February 19 by RBC Capital Markets. The company was initiated on Tuesday, December 22 by Roth Capital. The firm has “Overweight” rating given on Friday, August 28 by Piper Jaffray. The stock of Marchex, Inc. (NASDAQ:MCHX) earned “Buy” rating by TH Capital on Tuesday, December 22.

According to Zacks Investment Research, “Marchex is a leading mobile and online advertising company that drives millions of consumers to connect with businesses over the phone, delivers the most quality phone calls in the industry, and provides in-depth analysis of those phone calls. Through their robust platform, they offer three critical components for businesses looking to acquire new customers through phone calls. Marchex Call Analytics offers ad campaign measurement and intelligence and their Digital Call Marketplace and Local Leads solutions are designed for advertisers focused on new customer acquisition. The Marchex platform drives, measures and monetizes millions of mobile and online connections through the phone to advertisers each month. Their Digital Call Marketplace combines exclusive and preferred relationships with leading mobile carriers and mobile application developers, such as AT&T, Verizon, and Sprint, with the analytics technology to constantly measure and optimize ad campaign results.”

Insitutional Activity: The institutional sentiment increased to 1.08 in Q2 2016. Its up 0.24, from 0.84 in 2016Q1. The ratio improved, as 16 funds sold all Marchex, Inc. shares owned while 22 reduced positions. 14 funds bought stakes while 27 increased positions. They now own 22.46 million shares or 2.29% less from 22.99 million shares in 2016Q1.
Voya Invest Management Limited Co holds 20,566 shares or 0% of its portfolio. The Georgia-based Synovus Finance has invested 0.02% in Marchex, Inc. (NASDAQ:MCHX). Dimensional Fund Advsr Ltd Partnership holds 0% or 1.51 million shares in its portfolio. Menta Capital Ltd Liability reported 69,099 shares or 0.03% of all its holdings. Art Advsr Ltd Limited Liability Company owns 25,651 shares or 0% of their US portfolio. The California-based Wells Fargo & Communications Mn has invested 0% in Marchex, Inc. (NASDAQ:MCHX). Archon Cap Management Lc accumulated 8.21% or 2.15M shares. Cortina Asset Mngmt Ltd Limited Liability Company holds 967,149 shares or 0.14% of its portfolio. Goldman Sachs Group Inc has invested 0% of its portfolio in Marchex, Inc. (NASDAQ:MCHX). Walleye Trading Ltd Llc has 0% invested in the company for 7,800 shares. State Street Corporation holds 521,657 shares or 0% of its portfolio. Kennedy Cap Mgmt Incorporated last reported 449,155 shares in the company. Blackrock Investment Mngmt Ltd Llc holds 139,830 shares or 0% of its portfolio. Tiaa Cref Invest Mgmt Ltd last reported 130,801 shares in the company. Penbrook Management Limited Liability Com holds 0.36% or 102,350 shares in its portfolio.

More recent Marchex, Inc. (NASDAQ:MCHX) news were published by: Seekingalpha.com which released: “Marchex CEO, chairman resign posts as company hunts profitability” on October 03, 2016. Also Twst.com published the news titled: “Marchex Inc.: Marchex Announces CEO and Board Transitions” on October 03, 2016. Reuters.com‘s news article titled: “BRIEF-Prescott Group reports a passive stake of 10.6 percent in Marchex In…” with publication date: September 02, 2016 was also an interesting one.

MCHX Company Profile

Marchex, Inc., incorporated on January 17, 2003, is an advertising analytics company. The Firm offers services and products 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. The Company’s sales analytics products deliver actionable intelligence on the offline consumer journey to help prospects become customers. The Company’s product offerings include Marchex Call Analytics, Marchex Call Analytics for Search, Marchex Display Analytics, Marchex Call Marketplace and Local Leads.

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