S Squared Technology LLC maintained its position in Marchex, Inc. (NASDAQ:MCHX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,029,463 shares of the technology company’s stock at the close of the second quarter. Marchex accounts for 2.6% of S Squared Technology LLC’s portfolio, making the stock its 15th biggest position. S Squared Technology LLC owned approximately 2.44% of Marchex worth $3,068,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. TFS Capital LLC acquired a new stake in Marchex in the first quarter valued at $118,000. Bank of America Corp DE raised its stake in Marchex by 2.8% in the first quarter. Bank of America Corp DE now owns 48,573 shares of the technology company’s stock valued at $132,000 after buying an additional 1,331 shares in the last quarter. LMR Partners LLP acquired a new stake in Marchex in the second quarter valued at $312,000. Weiss Multi Strategy Advisers LLC raised its stake in Marchex by 104.2% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 130,000 shares of the technology company’s stock valued at $354,000 after buying an additional 66,352 shares in the last quarter. Finally, Concourse Capital Management LLC acquired a new stake in Marchex in the first quarter valued at $362,000. Hedge funds and other institutional investors own 49.69% of the company’s stock.
Marchex, Inc. (NASDAQ MCHX) traded up 1.00% during mid-day trading on Monday, reaching $3.02. The company’s stock had a trading volume of 42,291 shares. The stock’s 50 day moving average price is $2.96 and its 200 day moving average price is $2.83. Marchex, Inc. has a 1-year low of $2.46 and a 1-year high of $3.75. The stock’s market capitalization is $129.12 million.
Marchex (NASDAQ:MCHX) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The company 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 firm’s revenue for the quarter was down 36.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.02) EPS. Analysts expect that Marchex, Inc. will post ($0.05) EPS for the current fiscal year.
A number of research firms have weighed in on MCHX. ValuEngine upgraded Marchex from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research cut Marchex from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th.
Marchex Company Profile
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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