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

StockNews.com assumed coverage on shares of Marchex (NASDAQ:MCHX) in a research report report published on Tuesday morning. The brokerage issued a hold rating on the technology company’s stock.

Marchex Price Performance

NASDAQ MCHX opened at $1.81 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.37 and a quick ratio of 2.37. The firm has a market capitalization of $79.02 million, a price-to-earnings ratio of -12.07 and a beta of 1.97. The company has a 50 day simple moving average of $1.86 and a 200-day simple moving average of $1.57. Marchex has a 52-week low of $1.11 and a 52-week high of $2.16.

Marchex (NASDAQ:MCHX) last released its earnings results on Thursday, August 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The company had revenue of $12.07 million during 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 in the prior year, the firm earned ($0.05) EPS. Equities research analysts predict that Marchex will post -0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp grew its position in shares of Marchex, Inc. (NASDAQ:MCHX) by 14.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 400,000 shares of the technology company’s stock after buying an additional 51,000 shares during the quarter. Marchex makes up about 1.5% of P.A.W. Capital Corp’s investment portfolio, making the stock its 13th largest holding. P.A.W. Capital Corp owned approximately 0.92% of Marchex worth $616,000 at the end of the most recent reporting period. 73.46% of the stock is owned by 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.