Marchex, Inc. (NASDAQ:MCHX) major shareholder Edenbrook Capital, Llc bought 15,966 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were bought at an average cost of $2.69 per share, for a total transaction of $42,948.54. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Edenbrook Capital, Llc also recently made the following trade(s):

  • On Monday, September 17th, Edenbrook Capital, Llc acquired 900 shares of Marchex stock. The shares were acquired at an average cost of $2.70 per share, for a total transaction of $2,430.00.
  • On Wednesday, August 22nd, Edenbrook Capital, Llc acquired 4,000 shares of Marchex stock. The shares were acquired at an average cost of $2.74 per share, for a total transaction of $10,960.00.

NASDAQ:MCHX opened at $2.84 on Thursday. Marchex, Inc. has a one year low of $2.52 and a one year high of $3.67. The stock has a market cap of $116.99 million, a P/E ratio of -20.29 and a beta of 1.29.

Marchex (NASDAQ:MCHX) last posted its quarterly earnings data on Wednesday, August 1st. The technology company reported ($0.03) EPS for the quarter. Marchex had a negative return on equity of 3.44% and a negative net margin of 3.35%. The business had revenue of $20.22 million for the quarter, compared to the consensus estimate of $19.60 million. analysts expect that Marchex, Inc. will post -0.1 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Marchex by 3.6% during the second quarter. BlackRock Inc. now owns 794,348 shares of the technology company’s stock worth $2,430,000 after acquiring an additional 27,930 shares in the last quarter. Alambic Investment Management L.P. boosted its stake in Marchex by 17.8% during the first quarter. Alambic Investment Management L.P. now owns 233,297 shares of the technology company’s stock worth $637,000 after acquiring an additional 35,329 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Marchex by 2.3% during the second quarter. Renaissance Technologies LLC now owns 1,737,734 shares of the technology company’s stock worth $5,317,000 after acquiring an additional 38,334 shares in the last quarter. Spark Investment Management LLC boosted its stake in Marchex by 46.9% during the second quarter. Spark Investment Management LLC now owns 121,018 shares of the technology company’s stock worth $370,000 after acquiring an additional 38,618 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Marchex by 14.0% during the second quarter. Acadian Asset Management LLC now owns 585,853 shares of the technology company’s stock worth $1,793,000 after acquiring an additional 72,047 shares in the last quarter. 50.54% of the stock is currently owned by institutional investors and hedge funds.

Separately, Northland Securities initiated coverage on shares of Marchex in a research note on Tuesday, June 12th. They set an “outperform” rating on the stock.

About Marchex

Marchex, Inc operates as a call analytics company. Its products include Marchex Call Analytics, an analytics technology platform that provides data and insights to measure the performance of mobile, online, and offline advertising for advertisers and small business resellers; and Marchex Speech Analytics delivers actionable operational and advertising insights of inbound calls from consumer's interactions.

Further Reading: How to interpret a stock’s beta number

Insider Buying and Selling by Quarter for Marchex (NASDAQ:MCHX)

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