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

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

Marchex Stock Down 1.1 %

Marchex stock opened at $1.75 on Friday. The company has a market cap of $76.44 million, a P/E ratio of -19.44 and a beta of 1.96. Marchex has a 1-year low of $1.11 and a 1-year high of $2.16. The company has a fifty day simple moving average of $1.81 and a 200 day simple moving average of $1.64. 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 released its earnings results on Thursday, August 8th. The technology company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). The business 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 8.60% and a negative return on equity of 10.69%. During the same quarter last year, the firm earned ($0.05) earnings per share. Research analysts anticipate 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 raised its position in Marchex, Inc. (NASDAQ:MCHX) by 14.6% in the second 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 acquiring 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 0.92% of Marchex worth $616,000 at the end of the most recent reporting period. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.