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

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

Marchex Stock Performance

MCHX stock opened at $1.76 on Friday. Marchex has a twelve month low of $1.11 and a twelve month high of $2.16. The firm has a market cap of $76.84 million, a price-to-earnings ratio of -11.73 and a beta of 1.97. The business’s fifty day simple moving average is $1.77 and its two-hundred day simple moving average is $1.53. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.01.

Marchex (NASDAQ:MCHX) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.02) 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 net margin of 10.03% and a negative return on equity of 11.33%. During the same quarter last year, the firm posted ($0.05) EPS. Analysts predict that Marchex will post -0.08 earnings per share for the current year.

Hedge Funds Weigh In On Marchex

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 its most recent filing with the SEC. The firm owned 400,000 shares of the technology company’s stock after purchasing an additional 51,000 shares during the period. Marchex comprises 1.5% of P.A.W. Capital Corp’s holdings, making the stock its 13th biggest position. P.A.W. Capital Corp owned 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.