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

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

Marchex Price Performance

Shares of MCHX stock traded up $0.01 during trading hours on Friday, hitting $1.96. 9,558 shares of the company's stock were exchanged, compared to its average volume of 46,310. The stock's 50-day moving average is $1.96 and its 200-day moving average is $1.89. The stock has a market cap of $85.40 million, a price-to-earnings ratio of -21.72 and a beta of 1.92. Marchex has a 52 week low of $1.11 and a 52 week high of $2.40.

Hedge Funds Weigh In On Marchex

Several hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC boosted its holdings in 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 during the last quarter. Geode Capital Management LLC boosted its holdings in 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 during the last quarter. LPL Financial LLC bought a new position in Marchex in the fourth quarter valued at about $55,000. Finally, AMH Equity Ltd bought a new position in Marchex in the fourth quarter valued at about $438,000. Institutional investors own 73.46% of the company's stock.

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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.