Renaissance Technologies LLC boosted its stake in Marchex, Inc. (NASDAQ:MCHX) by 7.4% during the first quarter, Holdings Channel reports. The firm owned 1,267,242 shares of the technology company’s stock after buying an additional 86,841 shares during the period. Renaissance Technologies LLC’s holdings in Marchex were worth $3,447,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. P.A.W. Capital Corp raised its position in Marchex by 1.4% in the first quarter. P.A.W. Capital Corp now owns 1,400,000 shares of the technology company’s stock valued at $3,808,000 after buying an additional 20,000 shares during the period. Kennedy Capital Management Inc. raised its position in Marchex by 44.7% in the first quarter. Kennedy Capital Management Inc. now owns 554,914 shares of the technology company’s stock valued at $1,509,000 after buying an additional 171,342 shares during the period. Acadian Asset Management LLC raised its position in Marchex by 12.1% in the first quarter. Acadian Asset Management LLC now owns 309,358 shares of the technology company’s stock valued at $841,000 after buying an additional 33,319 shares during the period. Bank of New York Mellon Corp raised its position in Marchex by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 174,205 shares of the technology company’s stock valued at $473,000 after buying an additional 5,241 shares during the period. Finally, Alambic Investment Management L.P. raised its position in Marchex by 11.6% in the first quarter. Alambic Investment Management L.P. now owns 149,210 shares of the technology company’s stock valued at $406,000 after buying an additional 15,500 shares during the period. Hedge funds and other institutional investors own 51.45% of the company’s stock.

Marchex, Inc. (MCHX) traded up 1.06% on Friday, hitting $2.85. 8,300 shares of the company traded hands. The firm’s market capitalization is $121.85 million. Marchex, Inc. has a 12 month low of $2.46 and a 12 month high of $3.75. The stock’s 50-day moving average is $2.92 and its 200 day moving average is $2.80.

Marchex (NASDAQ:MCHX) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. The business had revenue of $22.02 million during the quarter, compared to the consensus estimate of $21.97 million. Marchex had a negative net margin of 15.53% and a negative return on equity of 10.65%. The company’s revenue was down 36.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.02) EPS. Equities analysts forecast that Marchex, Inc. will post ($0.07) EPS for the current fiscal year.

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MCHX has been the subject of several recent analyst reports. ValuEngine upgraded shares of Marchex from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Marchex from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a research note on Wednesday. Finally, Roth Capital set a $3.00 price objective on shares of Marchex and gave the stock a “hold” rating in a research note on Saturday, May 6th.

About Marchex

Marchex, Inc is a mobile advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. Its media analytics products can provide actionable intelligence on media channels advertisers use to acquire customers over the phone. Its Marchex Omnichannel Analytics Cloud helps marketers connect customer conversions driven from paid media channels, including search, display and video, social and sites, to phone calls made to a business.

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Institutional Ownership by Quarter for Marchex (NASDAQ:MCHX)

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