Marchex (NASDAQ:MCHX) Upgraded at Zacks Research

Zacks Research upgraded shares of Marchex (NASDAQ:MCHX) from a strong sell rating to a hold rating in a report issued on Thursday morning,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Marchex in a research report 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. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

Marchex Stock Performance

Marchex stock opened at $1.56 on Thursday. The business’s fifty day moving average is $1.67 and its two-hundred day moving average is $1.77. The firm has a market cap of $68.92 million, a P/E ratio of -14.18 and a beta of 2.03. Marchex has a 52 week low of $1.26 and a 52 week high of $2.31.

Institutional Investors Weigh In On Marchex

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC acquired a new position in Marchex in the first quarter valued at approximately $30,000. Manatuck Hill Partners LLC acquired a new position in shares of Marchex in the 2nd quarter valued at $88,000. Marathon Capital Management boosted its position in shares of Marchex by 13.9% in the 3rd 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 last quarter. Acuitas Investments LLC bought a new position in shares of Marchex in the 2nd quarter worth $141,000. Finally, AMH Equity Ltd grew its stake in shares of Marchex by 28.2% during 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 during the period. 73.46% of the stock is owned by 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.