Marchex (NASDAQ:MCHX) Raised to “Hold” at Zacks Research

Marchex (NASDAQ:MCHX) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Marchex in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Marchex Trading Down 1.3%

Marchex stock opened at $1.56 on Thursday. The business’s 50 day simple moving average is $1.67 and its 200 day simple moving average is $1.78. Marchex has a 12 month low of $1.26 and a 12 month high of $2.31. The company has a market cap of $68.92 million, a price-to-earnings ratio of -14.18 and a beta of 2.03.

Institutional Trading of Marchex

A number of institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new position in Marchex during the 1st quarter valued at about $30,000. Manatuck Hill Partners LLC bought a new position in shares of Marchex in the second quarter valued at approximately $88,000. Marathon Capital Management boosted its position in shares of Marchex by 13.9% in the third quarter. Marathon Capital Management now owns 61,500 shares of the technology company’s stock valued at $110,000 after acquiring an additional 7,500 shares during the period. Acuitas Investments LLC purchased a new position in Marchex during the second quarter valued at approximately $141,000. Finally, AMH Equity Ltd increased its holdings in Marchex by 28.2% during the 2nd quarter. AMH Equity Ltd now owns 278,276 shares of the technology company’s stock worth $609,000 after acquiring an additional 61,163 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.

About Marchex

Marchex, Inc (NASDAQ: MCHX) operates a call data and analytics platform designed to help businesses measure and optimize customer interactions. The company’s core services include call tracking, conversational analytics and performance marketing solutions that attribute phone calls to specific advertising campaigns. By capturing and analyzing voice interactions, Marchex enables advertisers, agencies and brands to gain actionable insights into caller intent, marketing ROI and customer behavior.

Through its suite of technologies, Marchex offers real-time call monitoring, keyword spotting and AI-driven transcription to surface trends and conversion signals from inbound calls.