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

Equities researchers at StockNews.com began coverage on shares of Marchex (NASDAQ:MCHX - Get Free Report) in a note issued to investors on Monday. The brokerage set a "hold" rating on the technology company's stock.

Marchex Stock Performance

NASDAQ:MCHX traded up $0.01 during midday trading on Monday, reaching $1.96. 5,711 shares of the stock traded hands, compared to its average volume of 33,099. Marchex has a 12-month low of $1.11 and a 12-month high of $2.40. The business has a 50-day moving average of $1.89 and a two-hundred day moving average of $1.81. The stock has a market capitalization of $85.62 million, a PE ratio of -21.78 and a beta of 1.91.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Marchex stock. Geode Capital Management LLC boosted its holdings in shares of Marchex, Inc. (NASDAQ:MCHX - Free Report) by 9.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,386 shares of the technology company's stock after acquiring an additional 29,042 shares during the period. Geode Capital Management LLC owned 0.80% of Marchex worth $650,000 at the end of the most recent reporting period. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

About Marchex

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.