Marchex (NASDAQ:MCHX) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Marchex (NASDAQ:MCHX) in a research report released on Saturday morning. The brokerage issued a hold rating on the technology company’s stock.

Marchex Price Performance

Shares of MCHX stock opened at $1.75 on Friday. Marchex has a 1 year low of $1.11 and a 1 year high of $2.16. The firm’s 50 day moving average is $1.81 and its 200-day moving average is $1.64. The firm has a market capitalization of $76.44 million, a price-to-earnings ratio of -19.44 and a beta of 1.96. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.01.

Marchex (NASDAQ:MCHX) last announced its earnings results on Thursday, August 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). Marchex had a negative net margin of 8.60% and a negative return on equity of 10.69%. The company had revenue of $12.07 million for the quarter, compared to analyst estimates of $12.14 million. During the same period in the prior year, the business earned ($0.05) earnings per share. Sell-side analysts forecast that Marchex will post -0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Marchex

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp lifted its stake in shares of Marchex, Inc. (NASDAQ:MCHX) by 14.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 400,000 shares of the technology company’s stock after acquiring an additional 51,000 shares during the period. Marchex makes up about 1.5% of P.A.W. Capital Corp’s investment portfolio, making the stock its 13th largest holding. P.A.W. Capital Corp owned about 0.92% of Marchex worth $616,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 73.46% of the company’s stock.

About Marchex

Marchex, Inc, a conversation intelligence company, provides conversational analytics and related solutions in the United States, Canada, and internationally. Its products include Marketing Edge that identifies which campaigns and channels are driving inbound conversations, evaluates what happens during those conversations, and closes the sales loop by connecting converted sales to marketing driven leads; Sonar Business Text Messaging, an artificial intelligence (AI) empowered intelligent workflow enabled mobile messaging solution that enables operations, sales, and marketing teams to communicate personally with field staff, prospects, and customers; Marchex Platform Services, a robust API-based conversation intelligence product that allows executives, sales, customer engagement, and marketing teams to apply Marchex AI to most any calls, regardless of communication platform, in order to identify actionable insights from conversations with their customers; Spotlight, an AI conversation analytics product for multi-location businesses; and Engage, a solution that provides locations with applications to enhance their overall performance.