Marchex (MCHX) Receiving Somewhat Favorable Media Coverage, Study Finds

News headlines about Marchex (NASDAQ:MCHX) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Marchex earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.9980191874522 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Several research analysts have commented on the stock. ValuEngine upgraded shares of Marchex from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research cut shares of Marchex from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Roth Capital set a $3.00 target price on shares of Marchex and gave the stock a “hold” rating in a report on Saturday, May 6th.

Shares of Marchex (NASDAQ:MCHX) traded up 2.09% on Friday, hitting $2.93. 69,756 shares of the company’s stock traded hands. Marchex has a 1-year low of $2.46 and a 1-year high of $3.75. The firm’s 50-day moving average price is $2.91 and its 200 day moving average price is $2.81. The company’s market cap is $125.27 million.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The company had revenue of $22.02 million during the quarter, compared to analysts’ expectations of $21.97 million. Marchex had a negative return on equity of 10.65% and a negative net margin of 15.53%. Marchex’s revenue was down 36.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.02) EPS. On average, equities research analysts expect that Marchex will post ($0.05) earnings per share for the current year.

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About Marchex

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.