Marchex (NASDAQ:MCHX) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Marchex (NASDAQ:MCHX) in a research note published on Saturday. The brokerage issued a hold rating on the technology company’s stock.

Marchex Stock Down 4.9 %

MCHX stock opened at $1.35 on Friday. The stock has a market capitalization of $58.48 million, a P/E ratio of -5.87 and a beta of 1.97. The firm has a 50-day simple moving average of $1.34 and a 200-day simple moving average of $1.38. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.01. Marchex has a 52 week low of $1.11 and a 52 week high of $2.20.

Institutional Trading of Marchex

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Marchex by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 992,870 shares of the technology company’s stock worth $1,350,000 after acquiring an additional 19,168 shares during the last quarter. BlackRock Inc. boosted its position in Marchex by 0.8% during the second quarter. BlackRock Inc. now owns 658,030 shares of the technology company’s stock worth $1,395,000 after acquiring an additional 5,507 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Marchex by 11.4% in the 2nd quarter. Geode Capital Management LLC now owns 302,440 shares of the technology company’s stock valued at $641,000 after purchasing an additional 30,972 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Marchex by 8.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 202,219 shares of the technology company’s stock valued at $339,000 after buying an additional 16,111 shares during the period. Finally, State Street Corp grew its stake in shares of Marchex by 7.8% in the 1st quarter. State Street Corp now owns 136,696 shares of the technology company’s stock valued at $313,000 after buying an additional 9,881 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Marchex Company Profile

Marchex, Inc operates as an analytics and solutions company that helps businesses connect, drive, measure, and convert callers into customers in the United States and Canada. Its products include Marchex Call Analytics, an analytics platform for enterprises, which depend on inbound phone calls to drive sales, appointments, and reservations; Marchex Call Analytics, Conversation Edition that enable actionable insights for enterprise, mid-sized, and small businesses; Text Analytics and Communications, a solution for intelligent messaging, which enables sales, marketing, and operations teams in businesses to engage in two-way communications with field staff, prospects, and customers through text/SMS messages; Call Monitoring for call recording; and Marchex Marketing Edge, an analytics solution for marketers in enterprise, mid-sized and small businesses that depend on inbound phone calls to drive sales, appointments and reservations.