Marchex (NASDAQ:MCHX) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Marchex (NASDAQ:MCHX) from a hold rating to a strong sell rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Marchex in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, Marchex currently has an average rating of “Sell”.

Marchex Price Performance

MCHX stock opened at $1.66 on Wednesday. The business has a 50 day simple moving average of $1.64 and a two-hundred day simple moving average of $1.83. Marchex has a 1-year low of $1.26 and a 1-year high of $2.31. The company has a market capitalization of $73.38 million, a price-to-earnings ratio of -15.10 and a beta of 1.93.

Institutional Investors Weigh In On Marchex

A number of hedge funds have recently made changes to their positions in the stock. Kanen Wealth Management LLC purchased a new stake in shares of Marchex during the 1st quarter valued at $813,000. Acuitas Investments LLC acquired a new position in Marchex during the 2nd quarter valued at about $141,000. AMH Equity Ltd raised its stake in Marchex by 28.2% in the second quarter. AMH Equity Ltd now owns 278,276 shares of the technology company’s stock valued at $609,000 after buying an additional 61,163 shares during the last quarter. Manatuck Hill Partners LLC purchased a new stake in Marchex in the second quarter valued at about $88,000. Finally, Jane Street Group LLC acquired a new stake in Marchex in the first quarter worth about $30,000. 73.46% of the stock is currently 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.