Marchex (MCHX) was Downgraded by ROTH Capital to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. ROTH Capital advised their investors in a research report released on Aug 10, 2016.
On the company’s financial health, Marchex reported $-0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $-0.02. The company had revenue of $34.40 million for the quarter, compared to analysts expectations of $35.05 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.02 EPS.
Marchex opened for trading at $3.13 and hit $3.35 on the upside on Monday, eventually ending the session at $3.29, with a gain of 5.45% or 0.17 points. The heightened volatility saw the trading volume jump to 1,11,445 shares. Company has a market cap of $142 M.
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.