StockNews.com Initiates Coverage on Marchex (NASDAQ:MCHX)

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

Marchex Stock Performance

Shares of MCHX opened at $1.86 on Tuesday. The stock has a fifty day moving average of $1.79 and a two-hundred day moving average of $1.69. The company has a market capitalization of $81.24 million, a PE ratio of -20.66 and a beta of 1.96. Marchex has a fifty-two week low of $1.11 and a fifty-two week high of $2.16.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp raised its holdings in Marchex, Inc. (NASDAQ:MCHX) by 14.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 400,000 shares of the technology company’s stock after acquiring an additional 51,000 shares during the period. Marchex accounts for about 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 at the end of the most recent quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

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.