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

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

Marchex Stock Performance

NASDAQ:MCHX traded down $0.07 during trading hours on Friday, hitting $1.88. The company's stock had a trading volume of 43,458 shares, compared to its average volume of 49,367. Marchex has a 52-week low of $1.11 and a 52-week high of $2.40. The business's 50-day moving average is $1.85 and its two-hundred day moving average is $1.78. The company has a market capitalization of $82.12 million, a PE ratio of -20.89 and a beta of 1.91.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp lifted its position in shares of Marchex, Inc. (NASDAQ:MCHX - Free Report) by 14.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400,000 shares of the technology company's stock after acquiring an additional 51,000 shares during the quarter. Marchex accounts for about 1.5% of P.A.W. Capital Corp's holdings, making the stock its 13th biggest position. P.A.W. Capital Corp owned about 0.92% of Marchex worth $616,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 73.46% of the company's stock.

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.