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

StockNews.com initiated coverage on shares of Marchex (NASDAQ:MCHX - Free Report) in a report issued on Thursday. The firm issued a hold rating on the technology company's stock.

Marchex Stock Down 1.9 %

Shares of MCHX traded down $0.04 during trading hours on Thursday, reaching $2.12. 100,000 shares of the company traded hands, compared to its average volume of 49,891. The stock has a market capitalization of $92.61 million, a P/E ratio of -23.56 and a beta of 1.91. The business has a fifty day moving average price of $1.82 and a 200-day moving average price of $1.73. Marchex has a 12-month low of $1.11 and a 12-month high of $2.40.

Institutional Trading of Marchex

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp lifted its stake in Marchex, Inc. (NASDAQ:MCHX - Free Report) by 14.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 400,000 shares of the technology company's stock after buying an additional 51,000 shares during the quarter. Marchex makes up 1.5% of P.A.W. Capital Corp's holdings, making the stock its 13th largest position. P.A.W. Capital Corp owned about 0.92% of Marchex worth $616,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.