Marchex (NASDAQ:MCHX) Coverage Initiated by Analysts at StockNews.com

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

Marchex Stock Down 0.6 %

Shares of NASDAQ MCHX opened at $1.67 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.37 and a quick ratio of 2.37. The company has a market cap of $72.95 million, a P/E ratio of -15.18 and a beta of 1.97. Marchex has a 1 year low of $1.11 and a 1 year high of $2.16. The firm has a 50-day simple moving average of $1.86 and a two-hundred day simple moving average of $1.62.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate 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 10.03% and a negative return on equity of 11.33%. 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 year.

Institutional Trading of Marchex

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp grew its stake in shares of Marchex, Inc. (NASDAQ:MCHX) by 14.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 400,000 shares of the technology company’s stock after acquiring an additional 51,000 shares during the period. Marchex comprises approximately 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 at the end of the most recent reporting period. Institutional investors own 73.46% of the company’s stock.

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.