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

StockNews.com began coverage on shares of Marchex (NASDAQ:MCHX) in a research note issued to investors on Sunday. The brokerage issued a hold rating on the technology company’s stock.

Marchex Stock Up 2.0 %

Marchex stock opened at $2.07 on Friday. Marchex has a 52-week low of $1.11 and a 52-week high of $2.40. The company has a market cap of $90.42 million, a P/E ratio of -23.00 and a beta of 1.91. The business has a 50-day simple moving average of $1.87 and a two-hundred day simple moving average of $1.79.

Institutional Trading of Marchex

A hedge fund recently raised its stake in Marchex stock. Geode Capital Management LLC grew its holdings in shares of Marchex, Inc. (NASDAQ:MCHX) by 9.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 347,386 shares of the technology company’s stock after acquiring an additional 29,042 shares during the period. Geode Capital Management LLC owned about 0.80% of Marchex worth $650,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 73.46% of the stock is owned by institutional investors and hedge funds.

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.