Northland Securities reaffirmed their buy rating on shares of Marchex (NASDAQ:MCHX) in a research report report published on Wednesday morning, AnalystRatings.com reports. The brokerage currently has a $4.00 price target on the technology company’s stock.
MCHX has been the subject of a number of other research reports. Zacks Investment Research downgraded Marchex from a hold rating to a sell rating in a report on Tuesday, March 9th. Roth Capital upped their price objective on Marchex from $3.50 to $4.75 and gave the company a buy rating in a research note on Wednesday, February 24th.
Shares of MCHX opened at $3.05 on Wednesday. The company has a market capitalization of $120.69 million, a P/E ratio of -4.30 and a beta of 1.85. Marchex has a one year low of $1.23 and a one year high of $3.67. The stock has a 50-day moving average price of $3.11 and a 200 day moving average price of $2.45.
A number of hedge funds and other institutional investors have recently made changes to their positions in MCHX. Virtu Financial LLC acquired a new stake in shares of Marchex during the 3rd quarter worth approximately $44,000. Squarepoint Ops LLC acquired a new stake in shares of Marchex during the 3rd quarter worth approximately $51,000. Finally, Morgan Stanley raised its position in shares of Marchex by 416.5% during the 3rd quarter. Morgan Stanley now owns 76,623 shares of the technology company’s stock worth $163,000 after purchasing an additional 61,789 shares during the period. Hedge funds and other institutional investors own 66.28% of the company’s stock.
Marchex Company Profile
Marchex, Inc operates as a call analytics company that helps businesses connect, drive, measure, and convert callers into customers. Its products include Marchex Call Analytics, an analytics platform for enterprises that depend on inbound phone calls to drive sales, appointments, and reservations; Marchex Speech Analytics that enable actionable insights for enterprise, mid-sized, and small businesses; Text Analytics and Communications, which enable businesses to send and receive text/SMS messages with customers; Call Monitoring; and Marchex Sales Edge that enable businesses to understand customer conversations in phone calls and text.
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