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

Analysts at StockNews.com initiated coverage on shares of Marchex (NASDAQ:MCHX - Get Free Report) in a report released on Saturday. The firm set a "hold" rating on the technology company's stock.

Marchex Stock Down 4.3 %

MCHX opened at $1.76 on Friday. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $1.82 and a 200-day moving average price of $1.63. Marchex has a twelve month low of $1.11 and a twelve month high of $2.16. The stock has a market capitalization of $76.88 million, a price-to-earnings ratio of -16.00 and a beta of 1.97.

Marchex (NASDAQ:MCHX - Get Free Report) last announced its earnings results on Thursday, August 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $12.14 million. During the same period in the previous year, the business posted ($0.05) earnings per share. Equities research analysts forecast that Marchex will post -0.08 earnings per share for the current year.

Institutional Trading of Marchex

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp raised its position in shares of Marchex, Inc. (NASDAQ:MCHX - Free Report) by 14.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 400,000 shares of the technology company's stock after purchasing an additional 51,000 shares during the period. Marchex comprises 1.5% of P.A.W. Capital Corp's 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 reporting period. 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.