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

Research analysts at StockNews.com assumed coverage on shares of Marchex (NASDAQ:MCHX) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the technology company’s stock.

Marchex Stock Performance

Shares of MCHX opened at $1.87 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.37 and a current ratio of 2.37. The stock has a 50 day moving average price of $1.84 and a two-hundred day moving average price of $1.56. The firm has a market capitalization of $81.64 million, a P/E ratio of -12.47 and a beta of 1.97. 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 data on Thursday, August 8th. The technology company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). The firm had revenue of $12.07 million during the quarter, compared to analyst estimates 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 previous year, the company posted ($0.05) EPS. Equities analysts forecast that Marchex will post -0.08 earnings per share for the current fiscal year.

Institutional Trading of Marchex

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

About Marchex

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.