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

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

Marchex Trading Up 3.8 %

Shares of Marchex stock opened at $1.89 on Wednesday. The company’s 50 day moving average price is $1.88 and its two-hundred day moving average price is $1.59. Marchex has a fifty-two week low of $1.11 and a fifty-two week high of $2.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.37 and a current ratio of 2.37.

Marchex (NASDAQ:MCHX) last released its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.02) earnings per share for the quarter, meeting 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 company had revenue of $12.07 million for the quarter, compared to the consensus estimate of $12.14 million. During the same quarter last year, the business posted ($0.05) EPS. On average, equities analysts anticipate that Marchex will post -0.08 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp raised its holdings in Marchex, Inc. (NASDAQ:MCHX) by 14.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 400,000 shares of the technology company’s stock after acquiring an additional 51,000 shares during the quarter. 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 about 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.

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.