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

Investment analysts at StockNews.com initiated coverage on shares of Marchex (NASDAQ:MCHX) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the technology company’s stock.

Marchex Price Performance

Shares of MCHX stock opened at $1.76 on Friday. The firm has a market capitalization of $76.88 million, a price-to-earnings ratio of -16.00 and a beta of 1.97. 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 has a 12-month low of $1.11 and a 12-month high of $2.16. The firm has a fifty day moving average of $1.82 and a 200-day moving average of $1.63.

Marchex (NASDAQ:MCHX) last announced its earnings results on Thursday, August 8th. The technology company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The firm had revenue of $12.07 million during the quarter, compared to analyst estimates 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 period in the prior year, the business earned ($0.05) EPS. On average, equities research analysts forecast that Marchex will post -0.08 earnings per share for the current year.

Institutional Investors Weigh In On Marchex

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp grew its holdings in shares of Marchex, Inc. (NASDAQ:MCHX) by 14.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400,000 shares of the technology company’s stock after buying an additional 51,000 shares during the quarter. Marchex makes up 1.5% of P.A.W. Capital Corp’s portfolio, making the stock its 13th largest position. P.A.W. Capital Corp owned about 0.92% of Marchex worth $616,000 as of its most recent SEC filing. Hedge funds and other 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.