Marchex Price Performance
MCHX stock opened at $1.75 on Monday. Marchex has a 1-year low of $1.23 and a 1-year high of $2.88. The business has a fifty day moving average price of $1.73 and a 200-day moving average price of $1.82. The stock has a market capitalization of $74.31 million, a P/E ratio of -11.67 and a beta of 2.05.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. 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 worth $313,000 after purchasing an additional 9,881 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Marchex by 8.7% during the third quarter. Dimensional Fund Advisors LP now owns 202,219 shares of the technology company’s stock valued at $339,000 after acquiring an additional 16,111 shares during the last quarter. First Eagle Investment Management LLC increased its position in Marchex by 64.4% during the first quarter. First Eagle Investment Management LLC now owns 338,294 shares of the technology company’s stock valued at $775,000 after acquiring an additional 132,493 shares during the last quarter. Finally, B. Riley Financial Inc. increased its position in Marchex by 1.5% during 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 acquiring an additional 45,585 shares during the last quarter. Hedge funds and other institutional investors own 58.14% of the company’s stock.
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.
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