Stock analysts at StockNews.com assumed coverage on shares of Marchex (NASDAQ:MCHX – Get Rating) in a research note issued on Saturday. The firm set a "hold" rating on the technology company's stock.
Marchex Stock Up 2.0 %
MCHX stock opened at $2.06 on Friday. Marchex has a 12 month low of $1.23 and a 12 month high of $3.63. The firm has a market cap of $87.17 million, a P/E ratio of -51.50 and a beta of 2.14. The company's 50-day moving average price is $1.95 and its two-hundred day moving average price is $1.95.
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Institutional Investors Weigh In On Marchex
A number of hedge funds have recently made changes to their positions in the stock. Edenbrook Capital LLC boosted its stake in shares of Marchex by 6.0% in the 4th quarter. Edenbrook Capital LLC now owns 14,524,634 shares of the technology company's stock valued at $36,021,000 after purchasing an additional 821,126 shares in the last quarter. B. Riley Financial Inc. boosted its stake in shares of Marchex by 1.5% in the 1st quarter. B. Riley Financial Inc. now owns 3,017,496 shares of the technology company's stock valued at $6,910,000 after purchasing an additional 45,585 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Marchex by 64.4% during the 1st quarter. First Eagle Investment Management LLC now owns 338,294 shares of the technology company's stock worth $775,000 after buying an additional 132,493 shares during the period. Finally, State Street Corp boosted its position in Marchex by 7.8% during the 1st quarter. State Street Corp now owns 136,696 shares of the technology company's stock worth $313,000 after buying an additional 9,881 shares during the period. 58.14% of the stock is currently owned by institutional investors and hedge funds.
About Marchex
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Marchex, Inc operates as an analytics and solutions company that helps businesses connect, drive, measure, and convert callers into customers in the United States and Canada. Its products include Marchex Call Analytics, an analytics platform for enterprises, which depend on inbound phone calls to drive sales, appointments, and reservations; Marchex Call Analytics, Conversation Edition that enable actionable insights for enterprise, mid-sized, and small businesses; Text Analytics and Communications, a solution for intelligent mobile messaging, which enables sales, marketing, and operations teams in businesses to engage in two-way communications with field staff, prospects, and customers through text/SMS messages; Call Monitoring for call recording; and Marchex Marketing Edge, an analytics solution for marketers in enterprise, mid-sized and small businesses that depend on inbound phone calls to drive sales, appointments and reservations.
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