Acadian Asset Management LLC reduced its position in Marchex, Inc. (NASDAQ:MCHX – Free Report) by 11.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 425,476 shares of the technology company’s stock after selling 54,047 shares during the period. Acadian Asset Management LLC owned 0.97% of Marchex worth $654,000 at the end of the most recent reporting period.
Separately, P.A.W. Capital Corp boosted its holdings in Marchex by 14.6% in the second quarter. P.A.W. Capital Corp now owns 400,000 shares of the technology company’s stock valued at $616,000 after acquiring an additional 51,000 shares during the last quarter. 73.46% of the stock is currently owned by hedge funds and other institutional investors.
Marchex Trading Down 1.1 %
MCHX opened at $1.74 on Wednesday. Marchex, Inc. has a fifty-two week low of $1.11 and a fifty-two week high of $2.16. The company has a market cap of $75.97 million, a price-to-earnings ratio of -11.60 and a beta of 1.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.37 and a quick ratio of 2.37. The firm has a 50 day simple moving average of $1.78 and a 200 day simple moving average of $1.54.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on Marchex in a report on Sunday. They set a “hold” rating for the company.
View Our Latest Report on MCHX
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.
See Also
- Five stocks we like better than Marchex
- Learn Technical Analysis Skills to Master the Stock Market
- Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion?
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker
Receive News & Ratings for Marchex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marchex and related companies with MarketBeat.com's FREE daily email newsletter.