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

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

Marchex Price Performance

Shares of MCHX opened at $1.67 on Friday. The company has a market cap of $72.91 million, a price-to-earnings ratio of -11.13 and a beta of 1.97. Marchex has a 1-year low of $1.11 and a 1-year high of $2.16. The company’s fifty day simple moving average is $1.79 and its 200 day simple moving average is $1.54. 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 (NASDAQ:MCHX) last issued its earnings results on Thursday, August 8th. The technology company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The business had revenue of $12.07 million for the quarter, compared to the consensus estimate of $12.14 million. Marchex had a negative net margin of 10.03% and a negative return on equity of 11.33%. During the same period in the previous year, the company earned ($0.05) earnings per share. On average, research analysts forecast that Marchex will post -0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Marchex

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp raised its stake in Marchex, Inc. (NASDAQ:MCHX) by 14.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 400,000 shares of the technology company’s stock after purchasing an additional 51,000 shares during the period. Marchex accounts for approximately 1.5% of P.A.W. Capital Corp’s investment portfolio, making the stock its 13th biggest position. 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 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.