Marchex Inc. (MCHX) Major Shareholder Purchases $27,912.90 in Stock
Marchex Inc. (NASDAQ:MCHX) major shareholder Prescott Group Capital Managem acquired 11,210 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were purchased at an average cost of $2.49 per share, with a total value of $27,912.90. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Marchex Inc. (NASDAQ:MCHX) opened at 2.57 on Thursday. The stock’s 50 day moving average is $2.62 and its 200 day moving average is $3.10. Marchex Inc. has a 1-year low of $2.46 and a 1-year high of $4.68. The company’s market capitalization is $107.61 million.
Marchex (NASDAQ:MCHX) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.02). The firm earned $34.40 million during the quarter, compared to the consensus estimate of $34.97 million. Marchex had a negative net margin of 56.65% and a negative return on equity of 7.81%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 EPS. On average, equities research analysts anticipate that Marchex Inc. will post ($0.17) EPS for the current fiscal year.
Several research firms have recently weighed in on MCHX. Roth Capital reaffirmed a “neutral” rating on shares of Marchex in a report on Wednesday, August 10th. Zacks Investment Research lowered shares of Marchex from a “hold” rating to a “sell” rating in a report on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.69.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Fund Advisors increased its stake in Marchex by 4.6% in the second quarter. BlackRock Fund Advisors now owns 871,051 shares of the company’s stock worth $2,770,000 after buying an additional 38,611 shares in the last quarter. BlackRock Investment Management LLC increased its stake in Marchex by 8.9% in the second quarter. BlackRock Investment Management LLC now owns 139,830 shares of the company’s stock worth $445,000 after buying an additional 11,385 shares in the last quarter. Vanguard Group Inc. increased its stake in Marchex by 0.9% in the second quarter. Vanguard Group Inc. now owns 1,114,551 shares of the company’s stock worth $3,544,000 after buying an additional 10,122 shares in the last quarter. Winslow Asset Management Inc. increased its stake in Marchex by 0.6% in the second quarter. Winslow Asset Management Inc. now owns 1,439,057 shares of the company’s stock worth $4,576,000 after buying an additional 8,880 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Marchex by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,509,776 shares of the company’s stock worth $4,801,000 after buying an additional 29,042 shares in the last quarter. 54.17% of the stock is owned by hedge funds and other institutional investors.
Marchex Company Profile
Marchex, Inc is an advertising analytics company. The Company offers products and services 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.
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