Marchex (NASDAQ:MCHX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Marchex (NASDAQ:MCHX) in a report released on Thursday morning. The firm issued a hold rating on the technology company’s stock.

Marchex Stock Performance

Shares of NASDAQ MCHX opened at $1.87 on Thursday. 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 stock has a 50 day simple moving average of $1.88 and a 200-day simple moving average of $1.61. The company has a market cap of $81.64 million, a PE ratio of -12.47 and a beta of 1.97. Marchex has a 12-month low of $1.11 and a 12-month high of $2.16.

Marchex (NASDAQ:MCHX) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $12.07 million during the quarter, compared to the consensus estimate 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 firm posted ($0.05) earnings per share. On average, equities research analysts forecast 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 boosted its position in Marchex, Inc. (NASDAQ:MCHX) by 14.6% in the second quarter, according to its most recent disclosure 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 period. Marchex makes up about 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 owned by hedge funds and other 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.