Marchex (NASDAQ:MCHX) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Marchex (NASDAQ:MCHX - Get Free Report) in a research note issued on Wednesday. The firm set a "hold" rating on the technology company's stock.

Marchex Stock Performance

MCHX stock traded down $0.01 on Wednesday, reaching $1.82. The company's stock had a trading volume of 2,212 shares, compared to its average volume of 46,286. Marchex has a 52 week low of $1.11 and a 52 week high of $2.16. 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 capitalization of $79.46 million, a P/E ratio of -12.13 and a beta of 1.97. The firm has a fifty day moving average of $1.87 and a two-hundred day moving average of $1.58.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp lifted its position in Marchex, Inc. (NASDAQ:MCHX - Free Report) by 14.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 400,000 shares of the technology company's stock after buying an additional 51,000 shares during the period. Marchex makes up 1.5% of P.A.W. Capital Corp's holdings, making the stock its 13th largest position. P.A.W. Capital Corp owned about 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.

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.