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

StockNews.com started coverage on shares of Marchex (NASDAQ:MCHX) in a note issued to investors on Thursday. The firm set a “hold” rating on the technology company’s stock.

Marchex Stock Performance

Marchex stock opened at $1.87 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.37 and a quick ratio of 2.37. Marchex has a 1-year low of $1.11 and a 1-year high of $2.16. The firm has a market capitalization of $81.64 million, a P/E ratio of -12.47 and a beta of 1.97. The company’s 50-day moving average is $1.88 and its 200 day moving average is $1.60.

Marchex (NASDAQ:MCHX) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). Marchex had a negative net margin of 10.03% and a negative return on equity of 11.33%. The company had revenue of $12.07 million for the quarter, compared to analyst estimates of $12.14 million. During the same period in the prior year, the company posted ($0.05) EPS. Research analysts forecast that Marchex will post -0.08 EPS for the current year.

Hedge Funds Weigh In On Marchex

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp lifted its stake in shares of Marchex, Inc. (NASDAQ:MCHX) by 14.6% during the second quarter, according to the company in its most recent Form 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 quarter. Marchex makes up approximately 1.5% of P.A.W. Capital Corp’s holdings, making the stock its 13th biggest holding. P.A.W. Capital Corp owned about 0.92% of Marchex worth $616,000 at the end of the most recent reporting period. 73.46% of the stock is currently 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.