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

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

Marchex Stock Performance

MCHX opened at $1.70 on Monday. The business’s 50-day simple moving average is $1.79 and its 200-day simple moving average is $1.67. The company has a market cap of $74.26 million, a P/E ratio of -18.89 and a beta of 1.96. Marchex has a one year low of $1.11 and a one year high of $2.16.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Marchex stock. Geode Capital Management LLC grew its holdings in Marchex, Inc. (NASDAQ:MCHX) by 9.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 347,386 shares of the technology company’s stock after buying an additional 29,042 shares during the quarter. Geode Capital Management LLC owned about 0.80% of Marchex worth $650,000 at the end of the most recent quarter. 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.