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Marchex Stock Is Showing Strong Insider Interest
Kailas Salunkhe- April 20, 2021, 10:52 AM EDT SHARE ON:
MCHX) has seen 2 separate stock purchases by a key stakeholder in the past month.
Keeping tabs on insider activity can be a good strategy for investors as insiders like senior management and board members have greater insights into the inner workings of the company.
These entities are obligated to make their trades public which can often provide significant clues regarding the company’s true position.
Edenbrook Capital LLC, which owns more than 10% of Marchex, purchased additional shares of the company on March 31 and April 9. It bought a total of 117,551 Marchex shares for about $329,000. (See Marchex stock analysis on TipRanks)
The Chefs Warehouse, a distributor of specialty food products, focuses on independent and chef-inspired restaurants.
Stating in a research note that this name has great ingredients for a great reopening, Lake Street Capital analyst Ben Klieve initiated coverage of The Chefs Warehouse with a Buy rating on April 5. Additionally, he set a $38 price target, which puts the upside potential at 21%.
Klieve acknowledges the fact that the company was up against unprecedented headwinds throughout 2020. However, he argues that these headwinds are subsiding. Amid nationwide restrictions on indoor dining, we believe the company made it through 2020 in as good of a position as could be expected. We look for significant sequential improvement throughout 2021 as governments lift restrictions and a return to near-normal conditions by the end of 2022. We expect the stock can return to pre-pandemic levels as investors better-appreciate Chefs competitive position, economic moat, and earnings
Shares of communication and network company
Ondas Holdings (NASDAQ:ONDS) jumped sharply on Monday. The stock soared as much as 23.8% and was up about 19% as of 10:45 a.m. EST.
The tech stock s gain was driven by an analyst s move to initiate coverage of the stock with an outperform rating and a big 12-month price target.
Image source: Getty Images.
So what
On Tuesday morning, Northland Securities analyst Michael Latimore set a $22 12-month price target for Ondas stock. Highlighting how significant this target is, it represents 40% upside from where the stock is trading now even after its big pop today.