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

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

Marchex Stock Performance

NASDAQ MCHX opened at $1.98 on Friday. Marchex has a one year low of $1.11 and a one year high of $2.40. The business has a fifty day moving average price of $1.96 and a 200 day moving average price of $1.89. The company has a market cap of $86.49 million, a P/E ratio of -22.00 and a beta of 1.92.

Hedge Funds Weigh In On Marchex

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in Marchex by 9.1% in the 3rd quarter. Geode Capital Management LLC now owns 347,386 shares of the technology company’s stock worth $650,000 after purchasing an additional 29,042 shares in the last quarter. AMH Equity Ltd acquired a new stake in shares of Marchex in the fourth quarter valued at approximately $438,000. LPL Financial LLC purchased a new position in Marchex during the fourth quarter worth approximately $55,000. Finally, Millennium Management LLC lifted its position in Marchex by 55.5% during the fourth quarter. Millennium Management LLC now owns 21,287 shares of the technology company’s stock worth $37,000 after buying an additional 7,598 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

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.