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

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

Marchex Stock Down 1.0 %

MCHX stock opened at $1.92 on Tuesday. The firm has a 50 day moving average of $1.91 and a two-hundred day moving average of $1.82. Marchex has a 12 month low of $1.11 and a 12 month high of $2.40. The company has a market capitalization of $83.87 million, a price-to-earnings ratio of -21.33 and a beta of 1.91.

Institutional Trading of Marchex

An institutional investor recently raised its position in Marchex stock. Geode Capital Management LLC lifted its stake in Marchex, Inc. (NASDAQ:MCHX) by 9.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 347,386 shares of the technology company’s stock after acquiring an additional 29,042 shares during the period. Geode Capital Management LLC owned 0.80% of Marchex worth $650,000 at the end of the most recent reporting period. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

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.