Marchex (NASDAQ:MCHX) Research Coverage Started at StockNews.com

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

Marchex Price Performance

Marchex stock opened at $1.86 on Monday. 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 company has a market cap of $81.21 million, a price-to-earnings ratio of -12.40 and a beta of 1.97. Marchex has a 1 year low of $1.11 and a 1 year high of $2.16. The firm has a 50 day moving average price of $1.82 and a 200 day moving average price of $1.55.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp lifted its holdings in shares of Marchex, Inc. (NASDAQ:MCHX) by 14.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 400,000 shares of the technology company’s stock after acquiring an additional 51,000 shares during the quarter. Marchex comprises approximately 1.5% of P.A.W. Capital Corp’s holdings, making the stock its 13th biggest holding. P.A.W. Capital Corp owned approximately 0.92% of Marchex worth $616,000 as of its most recent SEC filing. 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.