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

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

Marchex Trading Up 0.5 %

Shares of NASDAQ:MCHX opened at $1.99 on Friday. Marchex has a 12 month low of $1.11 and a 12 month high of $2.40. The company has a market capitalization of $86.92 million, a price-to-earnings ratio of -22.11 and a beta of 1.91. The firm’s 50-day moving average is $1.84 and its 200 day moving average is $1.77.

Institutional Investors Weigh In On Marchex

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp lifted its stake in shares of Marchex, Inc. (NASDAQ:MCHX) by 14.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 400,000 shares of the technology company’s stock after acquiring an additional 51,000 shares during the quarter. Marchex makes up approximately 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 reporting period. 73.46% of the stock is currently owned by institutional investors.

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.