Marchex (NASDAQ:MCHX) Now Covered by Analysts at StockNews.com

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

Marchex Stock Performance

Shares of NASDAQ:MCHX opened at $1.25 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.45 and a quick ratio of 2.45. Marchex has a 1 year low of $1.11 and a 1 year high of $2.20. The firm has a market capitalization of $54.58 million, a PE ratio of -5.43 and a beta of 1.96. The business’s 50 day moving average price is $1.35 and its 200-day moving average price is $1.37.

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

Institutional Trading of Marchex

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of Marchex by 0.8% during the 2nd quarter. BlackRock Inc. now owns 658,030 shares of the technology company’s stock worth $1,395,000 after purchasing an additional 5,507 shares during the last quarter. Northern Trust Corp boosted its stake in Marchex by 10.6% during the second quarter. Northern Trust Corp now owns 81,757 shares of the technology company’s stock worth $173,000 after buying an additional 7,830 shares during the last quarter. State Street Corp grew its holdings in 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 buying an additional 9,881 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Marchex in the 1st quarter worth $25,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Marchex by 8.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 202,219 shares of the technology company’s stock worth $339,000 after acquiring an additional 16,111 shares during the period. Institutional investors and hedge funds 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.