Investment analysts at StockNews.com assumed coverage on shares of Marchex (NASDAQ:MCHX – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the technology company’s stock.
Marchex Price Performance
Shares of Marchex stock opened at $1.85 on Thursday. Marchex has a 1 year low of $1.23 and a 1 year high of $2.34. The firm has a market cap of $78.55 million, a PE ratio of -9.74 and a beta of 2.04. The company has a 50 day simple moving average of $1.96 and a two-hundred day simple moving average of $1.81.
Institutional Investors Weigh In On Marchex
A number of hedge funds have recently made changes to their positions in the business. B. Riley Securities Inc. bought a new stake in shares of Marchex in the 4th quarter worth approximately $4,828,000. First Eagle Investment Management LLC lifted its holdings in shares of Marchex by 4.4% in the 4th quarter. First Eagle Investment Management LLC now owns 529,599 shares of the technology company’s stock worth $847,000 after acquiring an additional 22,249 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Marchex by 8.7% during the 3rd 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 last quarter. Finally, State Street Corp raised its holdings in Marchex by 7.8% during the 1st 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. 56.80% of the stock is currently owned by institutional investors.
Marchex Company Profile
Marchex, Inc operates as a conversational analytics and solutions company which helps businesses connect, drive, measure, convert callers into customers, and connects the voice of the customer to business. It offers Marchex call analytics platform, Marchex call marketplace and Marchex local leads products to automotive, travel and hospitality, telecommunications, insurance, home services, digital agencies, healthcare, education & careers, financial services, legal, real estate and senior living industries.
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