Marchex (NASDAQ:MCHX) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Marchex (NASDAQ:MCHX) in a research note released on Thursday. The brokerage issued a hold rating on the technology company’s stock.

Marchex Stock Performance

NASDAQ MCHX opened at $2.07 on Thursday. The company has a market capitalization of $90.42 million, a PE ratio of -23.00 and a beta of 1.91. Marchex has a 52-week low of $1.11 and a 52-week high of $2.40. The company has a 50-day simple moving average of $1.82 and a 200 day simple moving average of $1.74.

Hedge Funds Weigh In On Marchex

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp grew its position in shares of Marchex, Inc. (NASDAQ:MCHX) by 14.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 400,000 shares of the technology company’s stock after buying an additional 51,000 shares during the period. Marchex accounts for 1.5% of P.A.W. Capital Corp’s investment portfolio, making the stock its 13th largest position. P.A.W. Capital Corp owned about 0.92% of Marchex worth $616,000 at the end of the most recent reporting period. 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.