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

StockNews.com initiated coverage on shares of Marchex (NASDAQ:MCHX - Free Report) in a report published on Tuesday morning. The brokerage issued a hold rating on the technology company's stock.

Marchex Stock Down 0.8 %

Shares of MCHX stock traded down $0.01 during mid-day trading on Tuesday, hitting $1.27. 32,495 shares of the stock traded hands, compared to its average volume of 66,720. The stock has a market cap of $55.45 million, a P/E ratio of -5.52 and a beta of 1.96. The stock's fifty day moving average is $1.35 and its two-hundred day moving average is $1.38. Marchex has a 52-week low of $1.11 and a 52-week high of $2.20. 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 (NASDAQ:MCHX - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $12.76 million. Equities analysts predict that Marchex will post -0.08 EPS for the current year.

Institutional Investors Weigh In On Marchex

Hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP purchased a new position in shares of Marchex during the 1st quarter valued at approximately $25,000. Northern Trust Corp lifted its holdings in 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 purchasing an additional 7,830 shares in the last quarter. State Street Corp lifted 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 purchasing an additional 9,881 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in 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 purchasing an additional 16,111 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 30,972 shares in the last quarter. 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.