StockNews.com assumed coverage on shares of Marchex (NASDAQ:MCHX – Get Rating) in a research note published on Saturday morning. The brokerage issued a hold rating on the technology company's stock.
Marchex Stock Down 2.4 %
Shares of MCHX stock opened at $2.01 on Friday. The stock has a 50-day simple moving average of $1.96 and a 200 day simple moving average of $1.95. Marchex has a fifty-two week low of $1.23 and a fifty-two week high of $3.63. The stock has a market capitalization of $85.05 million, a P/E ratio of -50.25 and a beta of 2.14.
Get
Marchex alerts:
Institutional Trading of Marchex
A number of hedge funds and other institutional investors have recently made changes to their positions in MCHX. State Street Corp boosted its holdings in Marchex by 7.8% during the first 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 in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Marchex by 256.5% during the 4th quarter. First Eagle Investment Management LLC now owns 205,801 shares of the technology company's stock worth $510,000 after acquiring an additional 148,078 shares in the last quarter. B. Riley Financial Inc. grew its holdings 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 worth $6,910,000 after acquiring an additional 45,585 shares during the last quarter. Finally, Edenbrook Capital LLC raised its position in shares of Marchex by 6.0% during the fourth quarter. Edenbrook Capital LLC now owns 14,524,634 shares of the technology company's stock worth $36,021,000 after purchasing an additional 821,126 shares during the period. 58.14% of the stock is currently owned by institutional investors.
About Marchex
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Marchex (MCHX)
- Darden Restaurants Takes the Low Road Against Inflation
- Why These 3 Stocks Are Off to Hot September Starts
- Inflation Doesn't Differentiate, But it's Impact Does
- 3 Downgraded Must-Have Stocks To Put On Your Watchlist
- This Is What To Expect From The Q3 Earnings Reporting Season
Receive News & Ratings for Marchex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marchex and related companies with MarketBeat.com's FREE daily email newsletter.
