StockNews.com Initiates Coverage on Marchex (NASDAQ:MCHX)

Research analysts at StockNews.com initiated coverage on shares of Marchex (NASDAQ:MCHX) in a note issued to investors on Monday. The firm set a “hold” rating on the technology company’s stock.

Marchex Stock Down 2.8 %

Shares of MCHX stock opened at $1.40 on Monday. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.01. Marchex has a 1 year low of $1.11 and a 1 year high of $2.20. The firm’s fifty day moving average price is $1.35 and its two-hundred day moving average price is $1.38. The firm has a market capitalization of $61.12 million, a P/E ratio of -6.09 and a beta of 1.96.

Marchex (NASDAQ:MCHX) last issued its quarterly earnings results on Thursday, March 14th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. Marchex had a negative net margin of 19.85% and a negative return on equity of 21.51%. The firm had revenue of $12.40 million for the quarter, compared to analyst estimates of $12.76 million. On average, equities analysts predict that Marchex will post -0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP bought a new position in shares of Marchex in the 1st quarter valued at about $25,000. Northern Trust Corp grew its position in shares of Marchex by 10.6% in the 2nd quarter. Northern Trust Corp now owns 81,757 shares of the technology company’s stock valued at $173,000 after acquiring an additional 7,830 shares during the period. State Street Corp grew its position in shares of Marchex by 7.8% in the 1st quarter. State Street Corp now owns 136,696 shares of the technology company’s stock valued at $313,000 after acquiring an additional 9,881 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Marchex by 8.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 202,219 shares of the technology company’s stock valued at $339,000 after acquiring an additional 16,111 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Marchex by 11.4% in the 2nd quarter. Geode Capital Management LLC now owns 302,440 shares of the technology company’s stock valued at $641,000 after acquiring an additional 30,972 shares during the period. Institutional investors own 73.46% of the company’s stock.

Marchex Company Profile

Marchex, Inc operates as an analytics and solutions company that helps businesses connect, drive, measure, and convert callers into customers in the United States and Canada. Its products include Marchex Call Analytics, an analytics platform for enterprises, which depend on inbound phone calls to drive sales, appointments, and reservations; Marchex Call Analytics, Conversation Edition that enable actionable insights for enterprise, mid-sized, and small businesses; Text Analytics and Communications, a solution for intelligent messaging, which enables sales, marketing, and operations teams in businesses to engage in two-way communications with field staff, prospects, and customers through text/SMS messages; Call Monitoring for call recording; and Marchex Marketing Edge, an analytics solution for marketers in enterprise, mid-sized and small businesses that depend on inbound phone calls to drive sales, appointments and reservations.