Geode Capital Management LLC Purchases 12,255 Shares of Marchex, Inc. (NASDAQ:MCHX)

Geode Capital Management LLC increased its position in shares of Marchex, Inc. (NASDAQ:MCHX) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 359,641 shares of the technology company’s stock after acquiring an additional 12,255 shares during the period. Geode Capital Management LLC owned about 0.82% of Marchex worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, LPL Financial LLC acquired a new stake in shares of Marchex in the 4th quarter valued at $55,000. 73.46% of the stock is owned by institutional investors.

Insider Activity at Marchex

In other news, major shareholder Edenbrook Capital, Llc bought 69,197 shares of the firm’s stock in a transaction on Tuesday, March 25th. The stock was acquired at an average price of $1.75 per share, with a total value of $121,094.75. Following the transaction, the insider now owns 1,391,535 shares of the company’s stock, valued at $2,435,186.25. This trade represents a 5.23 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 21.65% of the stock is owned by company insiders.

Marchex Price Performance

Shares of Marchex stock opened at $1.49 on Friday. The company’s 50 day moving average price is $1.65 and its two-hundred day moving average price is $1.82. The firm has a market capitalization of $65.13 million, a P/E ratio of -16.55 and a beta of 1.71. Marchex, Inc. has a fifty-two week low of $1.23 and a fifty-two week high of $2.40.

Marchex (NASDAQ:MCHX) last issued its quarterly earnings data on Thursday, March 6th. The technology company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Marchex had a negative return on equity of 10.76% and a negative net margin of 8.60%. The firm had revenue of $11.92 million for the quarter, compared to the consensus estimate of $12.01 million. On average, analysts expect that Marchex, Inc. will post -0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Marchex in a research note on Sunday, April 27th. They issued a “hold” rating on the 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.