Marchex (NASDAQ:MCHX) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Marchex (NASDAQ:MCHX) in a report released on Friday. The brokerage set a “hold” rating on the technology company’s stock.

Marchex Trading Up 1.0 %

Shares of NASDAQ MCHX opened at $2.02 on Friday. The firm has a 50 day moving average of $1.98 and a 200 day moving average of $1.88. The firm has a market capitalization of $88.23 million, a price-to-earnings ratio of -22.44 and a beta of 1.92. Marchex has a 12-month low of $1.11 and a 12-month high of $2.40.

Institutional Trading of Marchex

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in shares of Marchex by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 359,641 shares of the technology company’s stock worth $630,000 after purchasing an additional 12,255 shares during the period. AMH Equity Ltd bought a new position in shares of Marchex in the fourth quarter worth approximately $438,000. Finally, LPL Financial LLC bought a new position in shares of Marchex in the fourth quarter worth approximately $55,000. 73.46% of the stock is currently owned by institutional investors.

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.