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

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

Marchex Stock Up 0.6 %

MCHX stock opened at $1.77 on Friday. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $1.82 and a two-hundred day moving average of $1.64. Marchex has a 12 month low of $1.11 and a 12 month high of $2.16. The company has a market cap of $77.32 million, a price-to-earnings ratio of -19.67 and a beta of 1.96.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). Marchex had a negative net margin of 8.60% and a negative return on equity of 10.69%. The firm had revenue of $12.07 million for the quarter, compared to analysts’ expectations of $12.14 million. During the same quarter in the previous year, the company posted ($0.05) EPS. As a group, 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 grew its stake in Marchex, Inc. (NASDAQ:MCHX) by 14.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 400,000 shares of the technology company’s stock after acquiring an additional 51,000 shares during the period. Marchex comprises 1.5% of P.A.W. Capital Corp’s investment portfolio, making the stock its 13th biggest holding. P.A.W. Capital Corp owned approximately 0.92% of Marchex worth $616,000 as of its most recent filing with the SEC. 73.46% of the stock is currently owned by institutional investors and hedge funds.

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.