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

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

Marchex Stock Performance

MCHX opened at $1.86 on Friday. Marchex has a 12-month low of $1.11 and a 12-month high of $2.16. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $81.24 million, a PE ratio of -12.40 and a beta of 1.97. The firm has a 50 day moving average of $1.77 and a two-hundred day moving average of $1.53.

Marchex (NASDAQ:MCHX) last posted 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). Marchex had a negative net margin of 10.03% and a negative return on equity of 11.33%. The company had revenue of $12.07 million during the quarter, compared to analyst estimates of $12.14 million. During the same period last year, the firm posted ($0.05) EPS. On average, analysts anticipate that Marchex will post -0.08 EPS for the current year.

Institutional Investors Weigh In On Marchex

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