Marchex (NASDAQ:MCHX) Rating Increased to Hold at Zacks Research

Marchex (NASDAQ:MCHX) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued 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 analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Marchex has an average rating of “Reduce”.

Marchex Trading Down 1.3%

MCHX opened at $1.56 on Thursday. The stock has a fifty day moving average price of $1.67 and a 200 day moving average price of $1.78. Marchex has a 1 year low of $1.26 and a 1 year high of $2.31. The stock has a market cap of $68.92 million, a price-to-earnings ratio of -14.18 and a beta of 2.03.

Institutional Investors Weigh In On Marchex

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in Marchex during the first quarter worth approximately $30,000. Manatuck Hill Partners LLC acquired a new stake in shares of Marchex in the second quarter worth $88,000. Marathon Capital Management boosted its holdings in shares of Marchex by 13.9% during the 3rd quarter. Marathon Capital Management now owns 61,500 shares of the technology company’s stock worth $110,000 after buying an additional 7,500 shares during the period. Acuitas Investments LLC acquired a new position in Marchex in the 2nd quarter valued at $141,000. Finally, AMH Equity Ltd raised its holdings in Marchex by 28.2% in 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. 73.46% of the stock is currently owned by institutional investors and hedge funds.

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.