Stock analysts at StockNews.com began coverage on shares of Marchex (NASDAQ:MCHX – Get Rating) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the technology company’s stock.
Marchex Trading Up 0.6 %
Shares of MCHX opened at $1.75 on Monday. The company has a market capitalization of $74.31 million, a price-to-earnings ratio of -11.67 and a beta of 2.05. The stock has a 50 day moving average of $1.74 and a 200 day moving average of $1.82. Marchex has a 12 month low of $1.23 and a 12 month high of $2.88.
Institutional Trading of Marchex
Several hedge funds have recently made changes to their positions in MCHX. First Eagle Investment Management LLC raised its stake in shares of 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 period. B. Riley Financial Inc. raised its stake in shares of Marchex by 1.5% in the first quarter. B. Riley Financial Inc. now owns 3,017,496 shares of the technology company’s stock valued at $6,910,000 after buying an additional 45,585 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Marchex by 8.7% in the third quarter. Dimensional Fund Advisors LP now owns 202,219 shares of the technology company’s stock valued at $339,000 after buying an additional 16,111 shares during the period. Finally, State Street Corp raised its stake in shares of 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 period. 58.14% of the stock is currently owned by institutional investors.
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.
- Get a free copy of the StockNews.com research report on Marchex (MCHX)
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