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

Equities research analysts at StockNews.com began coverage on shares of Marchex (NASDAQ:MCHX) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the technology company’s stock.

Marchex Stock Performance

Shares of MCHX opened at $2.07 on Thursday. The stock has a 50-day moving average of $1.82 and a two-hundred day moving average of $1.73. The stock has a market cap of $90.42 million, a P/E ratio of -23.00 and a beta of 1.91. Marchex has a one year low of $1.11 and a one year high of $2.40.

Institutional Trading of Marchex

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp grew its stake in Marchex, Inc. (NASDAQ:MCHX) by 14.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 about 1.5% of P.A.W. Capital Corp’s portfolio, making the stock its 13th largest holding. P.A.W. Capital Corp owned about 0.92% of Marchex worth $616,000 as of its most recent filing with the Securities & Exchange Commission. 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.