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

by · The Cerbat Gem

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

Marchex Stock Up 1.1 %

MCHX stock opened at $1.83 on Tuesday. 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 $1.86 and a two-hundred day moving average of $1.58. Marchex has a 12 month low of $1.11 and a 12 month high of $2.16. The company has a market cap of $79.90 million, a price-to-earnings ratio of -12.20 and a beta of 1.97.

Marchex (NASDAQ:MCHX – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $12.07 million during the quarter, compared to analysts’ expectations of $12.14 million. Marchex had a negative return on equity of 11.33% and a negative net margin of 10.03%. During the same quarter last year, the firm earned ($0.05) earnings per share. As a group, analysts forecast that Marchex will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Marchex

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp raised its position in Marchex, Inc. (NASDAQ:MCHX – Free Report) by 14.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 400,000 shares of the technology company’s stock after purchasing an additional 51,000 shares during the quarter. Marchex comprises 1.5% of P.A.W. Capital Corp’s investment portfolio, making the stock its 13th biggest position. P.A.W. Capital Corp owned 0.92% of Marchex worth $616,000 at the end of the most recent quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

About Marchex

(Get Free Report)

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.

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