AMH Equity Ltd Makes New Investment in Marchex, Inc. (NASDAQ:MCHX)

AMH Equity Ltd bought a new position in shares of Marchex, Inc. (NASDAQ:MCHX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 250,000 shares of the technology company's stock, valued at approximately $438,000. AMH Equity Ltd owned approximately 0.57% of Marchex at the end of the most recent quarter.

Separately, Geode Capital Management LLC increased its holdings in shares of Marchex by 9.1% in the 3rd quarter. Geode Capital Management LLC now owns 347,386 shares of the technology company's stock valued at $650,000 after acquiring an additional 29,042 shares during the last quarter. Institutional investors own 73.46% of the company's stock.

Marchex Stock Performance

Marchex stock traded up $0.02 during mid-day trading on Friday, reaching $1.99. 16,695 shares of the company were exchanged, compared to its average volume of 39,577. Marchex, Inc. has a twelve month low of $1.11 and a twelve month high of $2.40. The firm's 50-day simple moving average is $1.96 and its two-hundred day simple moving average is $1.90. The firm has a market cap of $86.93 million, a PE ratio of -22.11 and a beta of 1.92.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Marchex in a report on Sunday. They issued a "hold" rating on the stock.

Remove Ads

Marchex 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.