Equities research analysts at StockNews.com initiated coverage on shares of Marchex (NASDAQ:MCHX – Get Rating) in a research report issued to clients and investors on Friday. The brokerage set a "hold" rating on the technology company's stock.

Marchex Price Performance

MCHX opened at $2.02 on Friday. Marchex has a 1 year low of $1.23 and a 1 year high of $3.63. The stock has a 50-day moving average price of $1.86 and a 200-day moving average price of $1.95. The firm has a market cap of $85.47 million, a PE ratio of -50.50 and a beta of 2.19.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Edenbrook Capital LLC increased its position in shares of Marchex by 6.0% during 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 during the last quarter. B. Riley Financial Inc. lifted its stake in shares of Marchex by 1.5% during the 1st quarter. B. Riley Financial Inc. now owns 3,017,496 shares of the technology company's stock worth $6,910,000 after purchasing an additional 45,585 shares during the last quarter. First Eagle Investment Management LLC raised its stake in Marchex by 64.4% in the first quarter. First Eagle Investment Management LLC now owns 338,294 shares of the technology company's stock valued at $775,000 after buying an additional 132,493 shares during the last quarter. Finally, State Street Corp raised its stake in Marchex by 7.8% in the first quarter. State Street Corp now owns 136,696 shares of the technology company's stock valued at $313,000 after buying an additional 9,881 shares during the last quarter. 58.14% of the stock is owned by hedge funds and other institutional investors.

Marchex Company Profile

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 Stories

• Get a free copy of the StockNews.com research report on Marchex (MCHX)
• Could Nike Stock be Oversold, but Still Overvalued?
• Is Alcoa A Buy After Strong Q2 Results And More Share Buybacks?
• Will Royal Caribbean's Broadband Partnership Drive Revenue?
• Chip Gear Maker Entegris Has Potential, But Is It Buyable Now?
• DocuSign Has Important Issues to Address When it Reports Earnings

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.