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

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

Marchex Stock Up 5.5 %

Shares of NASDAQ MCHX opened at $1.74 on Tuesday. The business’s 50 day moving average is $1.78 and its two-hundred day moving average is $1.68. Marchex has a 52-week low of $1.11 and a 52-week high of $2.16. The firm has a market cap of $76.01 million, a price-to-earnings ratio of -19.33 and a beta of 1.96.

Hedge Funds Weigh In On Marchex

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp lifted its holdings in shares of Marchex, Inc. (NASDAQ:MCHX) by 14.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 400,000 shares of the technology company’s stock after purchasing an additional 51,000 shares during the quarter. Marchex comprises about 1.5% of P.A.W. Capital Corp’s holdings, 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 quarter. Institutional investors 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.