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

by · The Markets Daily

StockNews.com began coverage on shares of Marchex (NASDAQ:MCHX – Free Report) in a research report released on Saturday morning. The firm issued a hold rating on the technology company’s stock.

Marchex Trading Down 3.7 %

Shares of NASDAQ MCHX opened at $1.81 on Friday. The firm has a 50-day moving average of $1.85 and a two-hundred day moving average of $1.78. The company has a market capitalization of $79.06 million, a price-to-earnings ratio of -20.11 and a beta of 1.91. Marchex has a twelve month low of $1.11 and a twelve month high of $2.40.

Hedge Funds Weigh In On Marchex

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp boosted its holdings in shares of Marchex, Inc. (NASDAQ:MCHX – Free Report) by 14.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 investment portfolio, making the stock its 13th largest holding. P.A.W. Capital Corp owned 0.92% of Marchex worth $616,000 as of its most recent SEC filing. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

About Marchex

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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.

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