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

StockNews.com started coverage on shares of Marchex (NASDAQ:MCHX) in a research report sent to investors on Monday morning. The brokerage issued a hold rating on the technology company’s stock.

Marchex Stock Performance

NASDAQ:MCHX opened at $1.68 on Monday. The company has a market capitalization of $73.38 million, a PE ratio of -18.89 and a beta of 1.96. The company has a 50 day simple moving average of $1.79 and a two-hundred day simple moving average of $1.67. Marchex has a fifty-two week low of $1.11 and a fifty-two week high of $2.16.

Institutional Trading of Marchex

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp raised its position in shares of Marchex, Inc. (NASDAQ:MCHX) by 14.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 400,000 shares of the technology company’s stock after purchasing an additional 51,000 shares during the quarter. Marchex makes up approximately 1.5% of P.A.W. Capital Corp’s investment portfolio, making the stock its 13th largest holding. P.A.W. Capital Corp owned approximately 0.92% of Marchex worth $616,000 at the end of the most recent reporting period. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.