Kennedy Capital Management Inc. Acquires 18,092 Shares of Marchex, Inc. (MCHX)
Kennedy Capital Management Inc. increased its holdings in Marchex, Inc. (NASDAQ:MCHX) by 3.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 573,006 shares of the technology company’s stock after buying an additional 18,092 shares during the period. Kennedy Capital Management Inc. owned about 1.36% of Marchex worth $1,708,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. P.A.W. Capital Corp raised its stake in Marchex by 1.4% in the first quarter. P.A.W. Capital Corp now owns 1,400,000 shares of the technology company’s stock worth $3,808,000 after buying an additional 20,000 shares in the last quarter. Renaissance Technologies LLC raised its stake in Marchex by 7.4% in the first quarter. Renaissance Technologies LLC now owns 1,267,242 shares of the technology company’s stock worth $3,447,000 after buying an additional 86,841 shares in the last quarter. Heartland Advisors Inc. bought a new position in Marchex in the second quarter worth approximately $1,323,000. Bank of New York Mellon Corp raised its stake in Marchex by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 174,205 shares of the technology company’s stock worth $473,000 after buying an additional 5,241 shares in the last quarter. Finally, Synovus Financial Corp raised its stake in Marchex by 25.8% in the second quarter. Synovus Financial Corp now owns 169,577 shares of the technology company’s stock worth $502,000 after buying an additional 34,802 shares in the last quarter. 49.69% of the stock is owned by institutional investors.
Marchex, Inc. (NASDAQ MCHX) opened at 3.08 on Wednesday. Marchex, Inc. has a 52 week low of $2.46 and a 52 week high of $3.75. The company’s market cap is $131.68 million. The company has a 50-day moving average of $2.99 and a 200-day moving average of $2.85.
Marchex (NASDAQ:MCHX) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. The business had revenue of $22.02 million during the quarter, compared to analysts’ expectations of $21.97 million. Marchex had a negative net margin of 15.53% and a negative return on equity of 10.65%. The company’s revenue for the quarter was down 36.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.02) EPS. On average, equities research analysts predict that Marchex, Inc. will post ($0.05) EPS for the current year.
A number of brokerages recently commented on MCHX. ValuEngine raised shares of Marchex from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded shares of Marchex from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th.
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.
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