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 on Friday. The brokerage set a “hold” rating on the technology company’s stock.

Marchex Stock Performance

MCHX opened at $1.67 on Friday. The stock has a market cap of $72.95 million, a PE ratio of -15.18 and a beta of 1.97. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.01. Marchex has a 1 year low of $1.11 and a 1 year high of $2.16. The stock’s 50 day simple moving average is $1.86 and its 200-day simple moving average is $1.62.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). Marchex had a negative return on equity of 11.33% and a negative net margin of 10.03%. The firm had revenue of $12.07 million for the quarter, compared to analysts’ expectations of $12.14 million. During the same period in the prior year, the business posted ($0.05) earnings per share. Sell-side analysts forecast that Marchex will post -0.08 EPS for the current year.

Institutional Trading of Marchex

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp raised its stake in Marchex, Inc. (NASDAQ:MCHX) by 14.6% during 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 acquiring an additional 51,000 shares during the period. 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 0.92% of Marchex worth $616,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 73.46% of the stock is owned by hedge funds and other institutional investors.

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.