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

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

Marchex Trading Up 2.6 %

Shares of Marchex stock opened at $1.98 on Monday. The stock’s fifty day simple moving average is $1.90 and its 200 day simple moving average is $1.81. The company has a market capitalization of $86.49 million, a PE ratio of -22.00 and a beta of 1.91. Marchex has a 12 month low of $1.11 and a 12 month high of $2.40.

Hedge Funds Weigh In On Marchex

A hedge fund recently raised its stake in Marchex stock. Geode Capital Management LLC increased its holdings in shares of Marchex, Inc. (NASDAQ:MCHX) by 9.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 347,386 shares of the technology company’s stock after purchasing an additional 29,042 shares during the quarter. Geode Capital Management LLC owned 0.80% of Marchex worth $650,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 73.46% of the company’s stock.

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.