Marchex Inc. (NASDAQ:MCHX)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $3.02 and last traded at $3.14, with a volume of 43,729 shares. The stock had previously closed at $3.06.

A number of equities research analysts have recently weighed in on MCHX shares. TheStreet upgraded Marchex from a “sell” rating to a “hold” rating in a research note on Friday, April 1st. Zacks Investment Research upgraded Marchex from a “hold” rating to a “buy” rating and set a $4.75 price target on the stock in a research note on Thursday, April 21st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $5.55.

The stock has a market cap of $128.57 million and a PE ratio of 6.98. The company’s 50 day moving average price is $3.33 and its 200 day moving average price is $3.86.

Marchex (NASDAQ:MCHX) last announced its earnings results on Thursday, May 5th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.01. The company earned $35.99 million during the quarter, compared to the consensus estimate of $35.50 million. During the same period last year, the business earned $0.04 EPS. Marchex’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts expect that Marchex Inc. will post ($0.04) EPS for the current year.

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp boosted its position in shares of Marchex Inc. (NASDAQ:MCHX) by 8.3% during the fourth quarter, Holdings Channel reports. The firm owned 650,000 shares of the company’s stock after buying an additional 50,000 shares during the period. Marchex accounts for 2.9% of P.A.W. Capital Corp’s investment portfolio, making the stock its 5th largest position. P.A.W. Capital Corp owned 1.57% of Marchex worth $2,529,000 at the end of the most recent reporting period.

Marchex, Inc is an advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. The Company’s media analytics products connect call data to media channels, including search and display – down to the campaign, keyword and impression.

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