Marchex, Inc. (NASDAQ:MCHX - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.81 and traded as high as $2.03. Marchex shares last traded at $1.98, with a volume of 6,125 shares traded.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen assumed coverage on shares of Marchex in a report on Wednesday, May 21st. They issued a "hold" rating on the stock.
View Our Latest Analysis on Marchex
Marchex Trading Down 3.0%
The firm has a market cap of $83.92 million, a P/E ratio of -14.77 and a beta of 1.89. The business's fifty day simple moving average is $1.94 and its 200-day simple moving average is $1.81.
Institutional Investors Weigh In On Marchex
A number of large investors have recently added to or reduced their stakes in MCHX. Jane Street Group LLC bought a new stake in shares of Marchex during the 1st quarter valued at about $30,000. Millennium Management LLC boosted its stake in shares of Marchex by 55.5% during the 4th quarter. Millennium Management LLC now owns 21,287 shares of the technology company's stock valued at $37,000 after purchasing an additional 7,598 shares in the last quarter. Arcadia Wealth Management Inc. bought a new stake in shares of Marchex during the 4th quarter valued at about $51,000. LPL Financial LLC bought a new stake in shares of Marchex during the 4th quarter valued at about $55,000. Finally, Geode Capital Management LLC boosted its stake in shares of Marchex by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 359,641 shares of the technology company's stock valued at $630,000 after purchasing an additional 12,255 shares in the last quarter. Institutional investors own 73.46% of the company's stock.
Marchex Company Profile
(
Get Free Report)
Marchex, Inc, a conversation intelligence company, provides conversational analytics and related solutions in the United States, Canada, and internationally. Its products include Marketing Edge that identifies which campaigns and channels are driving inbound conversations, evaluates what happens during those conversations, and closes the sales loop by connecting converted sales to marketing driven leads; Sonar Business Text Messaging, an artificial intelligence (AI) empowered intelligent workflow enabled mobile messaging solution that enables operations, sales, and marketing teams to communicate personally with field staff, prospects, and customers; Marchex Platform Services, a robust API-based conversation intelligence product that allows executives, sales, customer engagement, and marketing teams to apply Marchex AI to most any calls, regardless of communication platform, in order to identify actionable insights from conversations with their customers; Spotlight, an AI conversation analytics product for multi-location businesses; and Engage, a solution that provides locations with applications to enhance their overall performance.
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