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

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

Marchex Trading Down 4.0 %

NASDAQ:MCHX opened at $1.93 on Thursday. The stock has a 50 day moving average of $1.97 and a two-hundred day moving average of $1.86. Marchex has a 12 month low of $1.11 and a 12 month high of $2.40.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Marchex stock. AMH Equity Ltd bought a new stake in Marchex, Inc. (NASDAQ:MCHX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 250,000 shares of the technology company’s stock, valued at approximately $438,000. AMH Equity Ltd owned about 0.57% of Marchex as of its most recent SEC filing. Institutional investors own 73.46% of the company’s stock.

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.