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

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

Marchex Trading Down 1.2 %

MCHX stock opened at $1.68 on Monday. The firm has a 50-day moving average price of $1.79 and a 200-day moving average price of $1.67. Marchex has a 12 month low of $1.11 and a 12 month high of $2.16. The stock has a market capitalization of $73.38 million, a P/E ratio of -18.89 and a beta of 1.96.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp increased its position in Marchex, Inc. (NASDAQ:MCHX) by 14.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 400,000 shares of the technology company’s stock after buying an additional 51,000 shares during the quarter. Marchex accounts for approximately 1.5% of P.A.W. Capital Corp’s investment portfolio, making the stock its 13th largest position. P.A.W. Capital Corp owned approximately 0.92% of Marchex worth $616,000 at the end of the most recent quarter. Institutional investors 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.