Marchex (NASDAQ:MCHX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Marchex (NASDAQ:MCHX - Free Report) in a research note issued to investors on Saturday. The firm issued a hold rating on the technology company's stock.

Marchex Stock Up 0.5 %

NASDAQ MCHX traded up $0.01 on Friday, hitting $1.97. The stock had a trading volume of 73,512 shares, compared to its average volume of 39,808. The company's 50-day moving average is $1.97 and its two-hundred day moving average is $1.89. The stock has a market cap of $86.05 million, a price-to-earnings ratio of -21.89 and a beta of 1.92. Marchex has a one year low of $1.11 and a one year high of $2.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC boosted its holdings in shares of Marchex by 55.5% in the fourth quarter. Millennium Management LLC now owns 21,287 shares of the technology company's stock valued at $37,000 after acquiring an additional 7,598 shares in the last quarter. LPL Financial LLC bought a new position in shares of Marchex in the fourth quarter valued at approximately $55,000. AMH Equity Ltd bought a new position in shares of Marchex in the fourth quarter valued at approximately $438,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Marchex by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 359,641 shares of the technology company's stock valued at $630,000 after acquiring an additional 12,255 shares in the last quarter. 73.46% of the stock is currently owned by 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.