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

Equities researchers at StockNews.com started coverage on shares of Marchex (NASDAQ:MCHX) in a report released on Thursday. The brokerage set a “hold” rating on the technology company’s stock.

Marchex Stock Performance

Shares of NASDAQ:MCHX opened at $1.87 on Thursday. The firm has a market cap of $81.64 million, a PE ratio of -12.47 and a beta of 1.97. The firm’s 50 day simple moving average is $1.88 and its 200-day simple moving average is $1.60. Marchex has a one year low of $1.11 and a one year high of $2.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.37 and a current ratio of 2.37.

Marchex (NASDAQ:MCHX) last released its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). Marchex had a negative net margin of 10.03% and a negative return on equity of 11.33%. The firm had revenue of $12.07 million for the quarter, compared to the consensus estimate of $12.14 million. During the same period last year, the firm earned ($0.05) earnings per share. As a group, equities analysts predict that Marchex will post -0.08 EPS for the current year.

Hedge Funds Weigh In On Marchex

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp increased its holdings in shares of Marchex, Inc. (NASDAQ:MCHX) by 14.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 400,000 shares of the technology company’s stock after purchasing an additional 51,000 shares during the period. Marchex accounts for 1.5% of P.A.W. Capital Corp’s holdings, making the stock its 13th biggest holding. P.A.W. Capital Corp owned about 0.92% of Marchex worth $616,000 as of its most recent SEC filing. 73.46% of the stock is currently owned by institutional investors.

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.