Marchex (NASDAQ:MCHX) Earns Hold Rating from Analysts at StockNews.com

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

Marchex Price Performance

MCHX opened at $2.07 on Friday. Marchex has a one year low of $1.11 and a one year high of $2.40. The company’s 50 day simple moving average is $1.98 and its 200-day simple moving average is $1.88.

Hedge Funds Weigh In On Marchex

Large investors have recently bought and sold shares of the business. LPL Financial LLC acquired a new position in Marchex in the fourth quarter valued at approximately $55,000. AMH Equity Ltd acquired a new position in Marchex in the fourth quarter valued at approximately $438,000. Finally, Geode Capital Management LLC lifted its holdings in Marchex by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 359,641 shares of the technology company’s stock valued at $630,000 after buying an additional 12,255 shares during the period. 73.46% of the stock is currently 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.