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

StockNews.com assumed coverage on shares of Marchex (NASDAQ:MCHXFree Report) in a report released on Tuesday morning. The brokerage issued a hold rating on the technology company’s stock.

Marchex Price Performance

MCHX opened at $1.86 on Tuesday. The business has a fifty day moving average price of $1.79 and a 200 day moving average price of $1.69. Marchex has a 12 month low of $1.11 and a 12 month high of $2.16. The stock has a market capitalization of $81.24 million, a price-to-earnings ratio of -20.66 and a beta of 1.96.

Institutional Trading of Marchex

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp boosted its position in shares of Marchex, Inc. (NASDAQ:MCHXFree Report) by 14.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 400,000 shares of the technology company’s stock after acquiring an additional 51,000 shares during the period. Marchex comprises 1.5% of P.A.W. Capital Corp’s investment portfolio, making the stock its 13th biggest holding. P.A.W. Capital Corp owned about 0.92% of Marchex worth $616,000 at the end of the most recent reporting period. 73.46% of the stock is currently owned by institutional investors.

About Marchex

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Marchex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marchex and related companies with MarketBeat.com's FREE daily email newsletter.