Marchex (NASDAQ:MCHX) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Marchex (NASDAQ:MCHX) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the technology company’s stock.

Marchex Stock Down 5.4 %

Shares of Marchex stock opened at $1.76 on Friday. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.01. The company has a market cap of $76.84 million, a P/E ratio of -11.73 and a beta of 1.97. The firm’s 50 day moving average price is $1.77 and its 200-day moving average price is $1.53. Marchex has a 52-week low of $1.11 and a 52-week high of $2.16.

Marchex (NASDAQ:MCHX) last issued its quarterly 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). The business had revenue of $12.07 million for the quarter, compared to the consensus estimate of $12.14 million. Marchex had a negative return on equity of 11.33% and a negative net margin of 10.03%. During the same period in the prior year, the firm posted ($0.05) earnings per share. On average, sell-side analysts predict that Marchex will post -0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp raised its position in shares of Marchex, Inc. (NASDAQ:MCHX) by 14.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 400,000 shares of the technology company’s stock after acquiring an additional 51,000 shares during the period. Marchex makes up 1.5% of P.A.W. Capital Corp’s portfolio, making the stock its 13th biggest position. P.A.W. Capital Corp owned about 0.92% of Marchex worth $616,000 at the end of the most recent quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Marchex Company Profile

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.