Marchex (MCHX) Sets New 52-Week High at $5.15

Marchex, Inc. (NASDAQ:MCHX) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $5.15 and last traded at $5.10, with a volume of 15315 shares changing hands. The stock had previously closed at $4.84.

A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Marchex from a “hold” rating to a “buy” rating in a research note on Thursday, March 21st. Zacks Investment Research raised shares of Marchex from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Friday, February 15th. TheStreet raised shares of Marchex from a “d+” rating to a “c-” rating in a research note on Wednesday, January 30th. Finally, Roth Capital raised shares of Marchex from a “neutral” rating to a “buy” rating and upped their price objective for the company from $3.40 to $7.00 in a research note on Monday, January 28th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $6.00.

The company has a market cap of $203.76 million, a PE ratio of -85.00 and a beta of 1.57.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings data on Wednesday, February 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.01. The company had revenue of $23.13 million during the quarter, compared to analysts’ expectations of $22.57 million. Marchex had a negative net margin of 3.14% and a negative return on equity of 3.04%. Analysts anticipate that Marchex, Inc. will post -0.06 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in MCHX. Renaissance Technologies LLC boosted its position in Marchex by 3.1% during the 3rd quarter. Renaissance Technologies LLC now owns 1,791,134 shares of the technology company’s stock valued at $4,979,000 after buying an additional 53,400 shares during the period. FNY Investment Advisers LLC purchased a new stake in Marchex during the 4th quarter valued at $42,000. We Are One Seven LLC boosted its position in Marchex by 20.2% during the 4th quarter. We Are One Seven LLC now owns 19,400 shares of the technology company’s stock valued at $51,000 after buying an additional 3,260 shares during the period. Algert Global LLC purchased a new stake in Marchex during the 4th quarter valued at $29,000. Finally, Acadian Asset Management LLC boosted its position in Marchex by 7.3% during the 4th quarter. Acadian Asset Management LLC now owns 520,074 shares of the technology company’s stock valued at $1,378,000 after buying an additional 35,223 shares during the period. 49.05% of the stock is owned by institutional investors and hedge funds.

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Marchex Company Profile (NASDAQ:MCHX)

Marchex, Inc operates as a call analytics company. Its products include Marchex Call Analytics, an analytics technology platform that provides data and insights to measure the performance of mobile, online, and offline advertising for advertisers and small business resellers; and Marchex Speech Analytics delivers actionable operational and advertising insights of inbound calls from consumer's interactions.

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