Marchex, Inc. (NASDAQ:MCHX – Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.89 and traded as high as $2.03. Marchex shares last traded at $1.97, with a volume of 73,512 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on shares of Marchex in a research note on Saturday. They issued a “hold” rating for the company.
Check Out Our Latest Report on Marchex
Marchex Stock Up 0.5 %
Institutional Investors Weigh In On Marchex
Several hedge funds have recently made changes to their positions in MCHX. Millennium Management LLC raised its stake in shares of Marchex by 55.5% during the fourth quarter. Millennium Management LLC now owns 21,287 shares of the technology company’s stock worth $37,000 after purchasing an additional 7,598 shares during the last quarter. Geode Capital Management LLC increased its stake in Marchex by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 359,641 shares of the technology company’s stock valued at $630,000 after buying an additional 12,255 shares during the period. LPL Financial LLC purchased a new position in Marchex during the 4th quarter worth $55,000. Finally, AMH Equity Ltd acquired a new stake in shares of Marchex in the 4th quarter worth $438,000. Institutional investors and hedge funds own 73.46% of the company’s stock.
Marchex Company Profile
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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