Marchex Inc. (NASDAQ:MCHX)’s share price dropped 1.9% during trading on Friday . The company traded as low as $3.10 and last traded at $3.10, with a volume of 77,858 shares. The stock had previously closed at $3.16.

MCHX has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Marchex from a “buy” rating to a “hold” rating in a report on Thursday, April 28th. TheStreet upgraded shares of Marchex from a “sell” rating to a “hold” rating in a report on Friday, April 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $5.55.

The stock’s 50 day moving average price is $3.28 and its 200 day moving average price is $3.83. The company has a market cap of $127.75 million and a price-to-earnings ratio of 6.94.

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

Several hedge funds and institutional investors have made changes to their positions in MCHX. Dimensional Fund Advisors LP raised its position in shares of Marchex by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,416,444 shares of the company’s stock valued at $5,510,000 after buying an additional 75,155 shares during the period. P.A.W. Capital Corp raised its position in shares of Marchex by 8.3% in the fourth quarter. P.A.W. Capital Corp now owns 650,000 shares of the company’s stock valued at $2,529,000 after buying an additional 50,000 shares during the period. Finally, Morgan Stanley raised its position in shares of Marchex by 0.5% in the fourth quarter. Morgan Stanley now owns 340,598 shares of the company’s stock valued at $1,325,000 after buying an additional 1,590 shares during the 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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