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

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

Marchex Stock Down 3.6 %

Shares of Marchex stock opened at $1.88 on Friday. Marchex has a 12-month low of $1.11 and a 12-month high of $2.40. The stock has a 50 day moving average price of $1.85 and a two-hundred day moving average price of $1.78. The stock has a market capitalization of $82.12 million, a P/E ratio of -20.89 and a beta of 1.91.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp boosted its stake in shares of Marchex, Inc. (NASDAQ:MCHX) by 14.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400,000 shares of the technology company’s stock after purchasing an additional 51,000 shares during the quarter. Marchex accounts for approximately 1.5% of P.A.W. Capital Corp’s holdings, making the stock its 13th biggest position. P.A.W. Capital Corp owned 0.92% of Marchex worth $616,000 as of its most recent SEC filing. 73.46% of the stock is currently owned by institutional investors and hedge funds.

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.