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

Stock analysts at StockNews.com assumed coverage on shares of Marchex (NASDAQ:MCHX - Get Free Report) in a report issued on Tuesday. The firm set a "hold" rating on the technology company's stock.

Marchex Stock Performance

Shares of NASDAQ MCHX traded down $0.01 during mid-day trading on Tuesday, reaching $1.73. The company's stock had a trading volume of 47,093 shares, compared to its average volume of 44,599. Marchex has a 1-year low of $1.11 and a 1-year high of $2.16. The stock has a 50-day moving average of $1.78 and a two-hundred day moving average of $1.69. The stock has a market capitalization of $75.57 million, a P/E ratio of -19.22 and a beta of 1.96.

Institutional Investors Weigh In On Marchex

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp lifted its position in Marchex, Inc. (NASDAQ:MCHX - Free Report) by 14.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 approximately 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 and hedge funds.

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.