Marchex (NASDAQ:MCHX) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Marchex (NASDAQ:MCHX) in a report issued on Wednesday. The firm set a “hold” rating on the technology company’s stock.

Marchex Stock Performance

Shares of MCHX stock opened at $1.83 on Wednesday. Marchex has a 12-month low of $1.11 and a 12-month high of $2.16. The company has a market capitalization of $79.90 million, a PE ratio of -12.20 and a beta of 1.97. The firm has a 50 day moving average price of $1.87 and a two-hundred day moving average price of $1.58. 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 released its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). Marchex had a negative return on equity of 11.33% and a negative net margin of 10.03%. The business had revenue of $12.07 million during the quarter, compared to the consensus estimate of $12.14 million. During the same period in the previous year, the company posted ($0.05) EPS. As a group, analysts predict that Marchex will post -0.08 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp lifted its position in shares of Marchex, Inc. (NASDAQ:MCHX) by 14.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 400,000 shares of the technology company’s stock after acquiring an additional 51,000 shares during the period. Marchex makes up about 1.5% of P.A.W. Capital Corp’s 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.