Geode Capital Management LLC Has $650,000 Stock Holdings in Marchex, Inc. (NASDAQ:MCHX)

Geode Capital Management LLC lifted its holdings in Marchex, Inc. (NASDAQ:MCHX) by 9.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 347,386 shares of the technology company’s stock after buying an additional 29,042 shares during the quarter. Geode Capital Management LLC’s holdings in Marchex were worth $650,000 as of its most recent SEC filing.

Marchex Stock Down 3.9 %

NASDAQ:MCHX opened at $1.95 on Friday. Marchex, Inc. has a twelve month low of $1.11 and a twelve month high of $2.40. The business has a 50 day moving average price of $1.89 and a two-hundred day moving average price of $1.80. The company has a market cap of $85.18 million, a P/E ratio of -21.66 and a beta of 1.91.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Marchex in a research report on Sunday, January 5th. They issued a “hold” rating for the company.

About Marchex

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.