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

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

Marchex Price Performance

NASDAQ MCHX opened at $1.97 on Friday. The business’s fifty day moving average price is $1.97 and its 200-day moving average price is $1.89. The stock has a market capitalization of $86.05 million, a price-to-earnings ratio of -21.89 and a beta of 1.92. Marchex has a 1-year low of $1.11 and a 1-year high of $2.40.

Hedge Funds Weigh In On Marchex

A number of institutional investors have recently bought and sold shares of the stock. Millennium Management LLC raised its holdings in Marchex by 55.5% in the 4th quarter. Millennium Management LLC now owns 21,287 shares of the technology company’s stock worth $37,000 after purchasing an additional 7,598 shares during the period. Geode Capital Management LLC raised its holdings in Marchex by 3.5% in the 4th 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. LPL Financial LLC bought a new position in Marchex in the 4th quarter worth $55,000. Finally, AMH Equity Ltd bought a new stake in Marchex during the fourth quarter valued at about $438,000. 73.46% of the stock is owned by 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.