Marchex Inc (NASDAQ:MCHX) Institutional Investor Sentiment Analysis

November 15, 2017 - By Ellis Scott

 Marchex Inc (NASDAQ:MCHX) Institutional Investor Sentiment Analysis

Sentiment for Marchex Inc (NASDAQ:MCHX)

Marchex Inc (NASDAQ:MCHX) institutional sentiment is 1.06 in 2017 Q2. Its the same as in 2017Q1. The ratio is neither positive nor negative, as only 36 hedge funds increased and started new positions, while 34 reduced and sold their equity positions in Marchex Inc. The hedge funds in our partner’s database now own: 21.10 million shares, down from 22.03 million shares in 2017Q1. Also, the number of hedge funds holding Marchex Inc in their top 10 positions was flat from 3 to 3 for the same number . Sold All: 16 Reduced: 18 Increased: 22 New Position: 14.

Marchex, Inc. is a mobile advertising analytics company. The company has market cap of $145.42 million. The Firm offers services and products for enterprises that depend on consumer phone calls to drive sales. It currently has negative earnings. The Company’s media analytics products can provide actionable intelligence on media channels advertisers use to acquire clients over the phone.

It closed at $3.33 lastly. It is down 8.92% since November 15, 2016 and is downtrending. It has underperformed by 25.62% the S&P500.

Analysts await Marchex, Inc. (NASDAQ:MCHX) to report earnings on February, 15. They expect $-0.02 earnings per share, up 77.78 % or $0.07 from last year’s $-0.09 per share. After $-0.02 actual earnings per share reported by Marchex, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Roumell Asset Management Llc holds 7.85% of its portfolio in Marchex, Inc. for 1.19 million shares. P.A.W. Capital Corp owns 1.23 million shares or 3.68% of their US portfolio. Moreover, Prescott Group Capital Management L.L.C. has 2.69% invested in the company for 4.30 million shares. The New York-based S Squared Technology Llc has invested 2.62% in the stock. Horrell Capital Management Inc., a Arkansas-based fund reported 430,000 shares.#img1#

Since January 1, 0001, it had 4 insider purchases, and 0 sales for $2,799 activity.

Marchex, Inc. (NASDAQ:MCHX) Ratings Coverage

Ratings analysis reveals 75% of Marchex’s analysts are positive. Out of 4 Wall Street analysts rating Marchex, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $3.1 while the high is $9. The stock’s average target of $5.28 is 58.56% above today’s ($3.33) share price. MCHX was included in 10 notes of analysts from August 6, 2015. The rating was maintained by Piper Jaffray with “Overweight” on Friday, August 28. Roth Capital initiated the stock with “Buy” rating in Tuesday, December 22 report. The company was downgraded on Wednesday, August 10 by Roth Capital. Piper Jaffray maintained Marchex, Inc. (NASDAQ:MCHX) rating on Friday, August 7. Piper Jaffray has “Overweight” rating and $9 target. TH Capital initiated the stock with “Buy” rating in Tuesday, December 22 report. The company was maintained on Thursday, November 5 by RBC Capital Markets. The firm has “Outperform” rating given on Friday, February 19 by RBC Capital Markets.

More recent Marchex, Inc. (NASDAQ:MCHX) news were published by: Seekingalpha.com which released: “Marchex: Significant Improvement In Financials Yet Stock Still Trades At …” on November 09, 2017. Also Businesswire.com published the news titled: “Marchex Announces Accuracy Enhancements to Best-in-Class Conversation Analytics” on October 24, 2017. Businesswire.com‘s news article titled: “Marchex Announces Third Quarter 2017 Results” with publication date: November 02, 2017 was also an interesting one.

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