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

Equities researchers at StockNews.com assumed coverage on shares of Marchex (NASDAQ:MCHX) in a research note issued on Wednesday. The firm set a “hold” rating on the technology company’s stock.

Marchex Stock Down 0.9 %

Shares of NASDAQ:MCHX opened at $1.76 on Wednesday. The business’s 50 day moving average is $1.79 and its 200 day moving average is $1.70. The stock has a market cap of $77.09 million, a P/E ratio of -19.61 and a beta of 1.91. Marchex has a 52-week low of $1.11 and a 52-week high of $2.16.

Institutional Trading of Marchex

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp increased its holdings in shares of Marchex, Inc. (NASDAQ:MCHX) by 14.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 400,000 shares of the technology company’s stock after purchasing an additional 51,000 shares during the period. Marchex accounts for 1.5% of P.A.W. Capital Corp’s holdings, making the stock its 13th biggest holding. P.A.W. Capital Corp owned about 0.92% of Marchex worth $616,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.