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

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

Marchex Stock Performance

Shares of NASDAQ:MCHX traded down $0.02 on Monday, hitting $1.68. 142,156 shares of the company's stock were exchanged, compared to its average volume of 44,440. The firm's 50-day moving average is $1.79 and its 200 day moving average is $1.67. The company has a market capitalization of $73.38 million, a PE ratio of -18.89 and a beta of 1.96. Marchex has a 1-year low of $1.11 and a 1-year high of $2.16.

Hedge Funds Weigh In On Marchex

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp lifted its holdings in shares of Marchex, Inc. (NASDAQ:MCHX - Free Report) by 14.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 400,000 shares of the technology company's stock after buying an additional 51,000 shares during the period. Marchex makes up approximately 1.5% of P.A.W. Capital Corp's holdings, making the stock its 13th largest position. P.A.W. Capital Corp owned approximately 0.92% of Marchex worth $616,000 as of its most recent filing with the SEC. 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.