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

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

Marchex Trading Down 0.6 %

Shares of MCHX opened at $1.73 on Tuesday. Marchex has a 1-year low of $1.11 and a 1-year high of $2.16. The firm’s 50-day moving average price is $1.78 and its 200-day moving average price is $1.69. The firm has a market capitalization of $75.57 million, a price-to-earnings ratio of -19.22 and a beta of 1.96.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Marchex stock. Geode Capital Management LLC increased its holdings in shares of Marchex, Inc. (NASDAQ:MCHX) by 9.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 0.80% of Marchex worth $650,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 73.46% of the company’s stock.

About Marchex

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.