StockNews.com Initiates Coverage on Marchex (NASDAQ:MCHX)

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

Marchex Price Performance

Shares of MCHX stock opened at $1.96 on Friday. Marchex has a 52 week low of $1.11 and a 52 week high of $2.16. The stock has a market capitalization of $85.57 million, a PE ratio of -13.07 and a beta of 1.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.49 and a current ratio of 2.49. The stock’s fifty day moving average is $1.69 and its 200-day moving average is $1.49.

Marchex (NASDAQ:MCHX) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). Marchex had a negative net margin of 13.97% and a negative return on equity of 15.17%. The firm had revenue of $12.07 million for the quarter, compared to analyst estimates of $12.14 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. Equities research analysts expect that Marchex will post -0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp increased its position in shares of Marchex, Inc. (NASDAQ:MCHX) by 14.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 400,000 shares of the technology company’s stock after acquiring an additional 51,000 shares during the quarter. Marchex comprises about 1.5% of P.A.W. Capital Corp’s investment portfolio, making the stock its 13th largest position. P.A.W. Capital Corp owned approximately 0.92% of Marchex worth $616,000 at the end of the most recent reporting period. 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.