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

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

Marchex Price Performance

Shares of NASDAQ MCHX opened at $1.74 on Friday. The company has a fifty day moving average price of $1.78 and a 200 day moving average price of $1.54. The firm has a market cap of $75.97 million, a PE ratio of -11.60 and a beta of 1.97. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.01. Marchex has a 1-year low of $1.11 and a 1-year high of $2.16.

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 the consensus estimate of ($0.02). The company 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 period in the prior year, the firm earned ($0.05) earnings per share. Research analysts predict 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 lifted its stake in 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 fund 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 investment portfolio, making the stock its 13th largest position. P.A.W. Capital Corp owned approximately 0.92% of Marchex worth $616,000 as of its most recent SEC filing. 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.