Marchex (NASDAQ:MCHX) Downgraded by Zacks Research to “Strong Sell”

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

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Marchex in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Marchex Stock Down 0.5%

Shares of Marchex stock opened at $1.74 on Wednesday. Marchex has a 52 week low of $1.26 and a 52 week high of $2.31. The business has a 50 day moving average price of $1.64 and a 200-day moving average price of $1.83. The company has a market cap of $76.65 million, a PE ratio of -15.77 and a beta of 1.93.

Institutional Trading of Marchex

A number of hedge funds have recently bought and sold shares of the business. Kanen Wealth Management LLC bought a new position in Marchex in the 1st quarter valued at $813,000. Jane Street Group LLC purchased a new position in shares of Marchex in the 1st quarter worth about $30,000. Acuitas Investments LLC bought a new position in Marchex during the second quarter valued at about $141,000. AMH Equity Ltd increased its holdings in 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 buying an additional 61,163 shares during the last quarter. Finally, Marathon Capital Management raised its position in Marchex by 30.1% in the second quarter. Marathon Capital Management now owns 54,000 shares of the technology company’s stock worth $117,000 after acquiring an additional 12,500 shares during the period. 73.46% of the stock is currently 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.