Marchex (NASDAQ:MCHX) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Marchex (NASDAQ:MCHX) in a research report issued on Tuesday. The brokerage set a “hold” rating on the technology company’s stock.

Marchex Trading Up 5.5 %

Shares of MCHX stock opened at $1.74 on Tuesday. Marchex has a twelve month low of $1.11 and a twelve month high of $2.16. The company’s 50-day moving average price is $1.78 and its 200-day moving average price is $1.68. The stock has a market cap of $76.01 million, a price-to-earnings ratio of -19.33 and a beta of 1.96.

Institutional Trading of Marchex

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp increased its holdings in Marchex, Inc. (NASDAQ:MCHX) by 14.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 400,000 shares of the technology company’s stock after acquiring an additional 51,000 shares during the period. Marchex makes up about 1.5% of P.A.W. Capital Corp’s holdings, making the stock its 13th largest holding. P.A.W. Capital Corp owned approximately 0.92% of Marchex worth $616,000 as of its most recent SEC filing. 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.