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

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

Marchex Stock Up 1.6 %

Shares of Marchex stock opened at $1.86 on Monday. Marchex has a 1-year low of $1.11 and a 1-year high of $2.16. The company has a market capitalization of $81.21 million, a PE ratio of -12.40 and a beta of 1.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.37 and a quick ratio of 2.37. The business has a 50-day moving average of $1.82 and a 200-day moving average of $1.55.

Marchex (NASDAQ:MCHX) last posted 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 company had revenue of $12.07 million for 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 business earned ($0.05) EPS. As a group, equities analysts forecast that Marchex will post -0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Marchex

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp increased its position in Marchex, Inc. (NASDAQ:MCHX) by 14.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 400,000 shares of the technology company’s stock after purchasing an additional 51,000 shares during the period. Marchex accounts for about 1.5% of P.A.W. Capital Corp’s investment portfolio, making the stock its 13th biggest 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.