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

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

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Marchex in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Marchex has an average rating of “Reduce”.

Marchex Stock Down 1.3%

Shares of MCHX stock opened at $1.56 on Thursday. The stock has a 50-day simple moving average of $1.67 and a 200 day simple moving average of $1.78. The stock has a market capitalization of $68.92 million, a P/E ratio of -14.18 and a beta of 2.03. Marchex has a fifty-two week low of $1.26 and a fifty-two week high of $2.31.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Kanen Wealth Management LLC boosted its position in Marchex by 62.9% during the 3rd quarter. Kanen Wealth Management LLC now owns 1,126,388 shares of the technology company’s stock worth $1,949,000 after acquiring an additional 434,746 shares during the period. AMH Equity Ltd lifted its position in shares of Marchex by 28.2% in the second quarter. AMH Equity Ltd now owns 278,276 shares of the technology company’s stock worth $609,000 after purchasing an additional 61,163 shares in the last quarter. Acuitas Investments LLC acquired a new stake in shares of Marchex during the second quarter worth approximately $141,000. Marathon Capital Management boosted its holdings in shares of Marchex by 13.9% during the third quarter. Marathon Capital Management now owns 61,500 shares of the technology company’s stock worth $110,000 after purchasing an additional 7,500 shares during the period. Finally, Manatuck Hill Partners LLC purchased a new position in Marchex during the second quarter valued at approximately $88,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

Marchex Company Profile

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.