Marchex (MCHX) reported quarterly earnings results on Thursday, May-5-2016. The company reported $-0.03 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $-0.02. The company posted revenue of $35.99 million in the period, compared to analysts expectations of $35.52 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.
Many Wall Street Analysts have commented on Marchex. Shares were Reiterated by RBC Capital Mkts on Feb 19, 2016 to “Outperform” and Lowered the Price Target to $ 5 from a previous price target of $6 .
Marchex closed down -0.11 points or -2.63% at $4.07 with 1,21,536 shares getting traded on Wednesday. Post opening the session at $4.17, the shares hit an intraday low of $4.07 and an intraday high of $4.19 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Aug 26, 2015, Peter Christothoulou (CEO) purchased 1,350 shares at $3.65 per share price.
Marchex Inc. is a mobile advertising technology company. The Company provides products and services for businesses of all sizes that depend on consumer calls to drive sales. The Company’s business operations include the Call-driven which consists of its performance-based advertising business focused on driving phone calls and the Archeo which provides a performance-based pay-per-click advertising service that connects advertisers with consumers across its owned and operated Web sites as well as third-party Web sites and it also sells domain names. Its technology platform delivers performance-based pay-for-call advertising across various mobile and online publishers to connect millions of consumers with businesses over the phone. Its primary products offerings include Marchex Call Marketplace Marchex Call Analytics and Local Leads. Its portfolio of Websites includes 90210.com Yellow.com and OpenList.com.