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

StockNews.com began coverage on shares of Marchex (NASDAQ:MCHX) in a research note released on Tuesday. The firm issued a hold rating on the technology company’s stock.

Marchex Stock Down 0.8 %

Shares of MCHX stock opened at $1.27 on Tuesday. The stock has a market cap of $55.45 million, a PE ratio of -5.52 and a beta of 1.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.45 and a current ratio of 2.45. The business’s fifty day moving average is $1.35 and its 200-day moving average is $1.38. Marchex has a 1 year low of $1.11 and a 1 year high of $2.20.

Marchex (NASDAQ:MCHX) last released its quarterly earnings data on Thursday, March 14th. The technology company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. The business had revenue of $12.40 million during the quarter, compared to analyst estimates of $12.76 million. Marchex had a negative return on equity of 21.51% and a negative net margin of 19.85%. Equities analysts expect that Marchex will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Marchex

Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of Marchex by 11.4% in the second quarter. Geode Capital Management LLC now owns 302,440 shares of the technology company’s stock worth $641,000 after buying an additional 30,972 shares during the period. Vanguard Group Inc. boosted its position in shares of Marchex by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 992,870 shares of the technology company’s stock worth $1,350,000 after buying an additional 19,168 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Marchex by 8.7% in the third quarter. Dimensional Fund Advisors LP now owns 202,219 shares of the technology company’s stock worth $339,000 after buying an additional 16,111 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of Marchex in the first quarter worth $25,000. Finally, State Street Corp boosted its position in shares of Marchex by 7.8% in the first quarter. State Street Corp now owns 136,696 shares of the technology company’s stock worth $313,000 after buying an additional 9,881 shares during the period. 73.46% of the stock is 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.