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

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

Marchex Trading Down 0.8 %

MCHX opened at $1.25 on Tuesday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $54.58 million, a P/E ratio of -5.43 and a beta of 1.96. The stock’s fifty day moving average is $1.35 and its two-hundred day moving average is $1.37. Marchex has a 52 week low of $1.11 and a 52 week high of $2.20.

Marchex (NASDAQ:MCHX) last announced its 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. The business had revenue of $12.40 million for the quarter, compared to analysts’ expectations of $12.76 million. Marchex had a negative return on equity of 21.51% and a negative net margin of 19.85%. Analysts forecast that Marchex will post -0.08 earnings per share for the current year.

Institutional Trading of Marchex

Several hedge funds and other institutional investors have recently bought and sold shares of MCHX. Susquehanna International Group LLP acquired a new stake in shares of Marchex in the 1st quarter worth $25,000. Northern Trust Corp boosted 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 worth $173,000 after purchasing an additional 7,830 shares in the last quarter. State Street Corp boosted 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 worth $313,000 after purchasing an additional 9,881 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 worth $339,000 after purchasing an additional 16,111 shares in the last quarter. Finally, Geode Capital Management LLC boosted 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 worth $641,000 after purchasing an additional 30,972 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

Marchex Company Profile

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.