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

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

Marchex Price Performance

MCHX stock opened at $1.97 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.49 and a quick ratio of 2.49. The business has a 50 day simple moving average of $1.57 and a 200-day simple moving average of $1.43. The firm has a market capitalization of $86.01 million, a PE ratio of -13.13 and a beta of 1.99. Marchex has a 1 year low of $1.11 and a 1 year high of $2.01.

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

Institutional Inflows and Outflows

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