Marchex (NASDAQ:MCHX) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Marchex (NASDAQ:MCHX) in a research report sent to investors on Wednesday. The brokerage issued a hold rating on the technology company’s stock.

Marchex Stock Performance

NASDAQ MCHX traded down $0.02 during trading hours on Wednesday, hitting $2.04. The company had a trading volume of 11,597 shares, compared to its average volume of 52,485. Marchex has a fifty-two week low of $1.11 and a fifty-two week high of $2.06. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $1.60 and a 200-day simple moving average of $1.44. The firm has a market cap of $89.06 million, a P/E ratio of -13.67 and a beta of 1.99.

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 15.17% and a negative net margin of 13.97%. The firm 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 earned ($0.05) earnings per share. Equities analysts predict that Marchex will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp lifted its holdings in Marchex, Inc. (NASDAQ:MCHX) by 14.6% in the 2nd quarter, according to the company in 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 quarter. Marchex accounts for approximately 1.5% of P.A.W. Capital Corp’s holdings, making the stock its 13th largest position. P.A.W. Capital Corp owned approximately 0.92% of Marchex worth $616,000 as of its most recent SEC filing. Institutional investors own 73.46% of the company’s stock.

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.