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

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

The company has a market cap of $127.75 million and a P/E ratio of 6.94. The stock has a 50-day moving average of $3.28 and a 200-day moving average of $3.83.

Marchex (NASDAQ:MCHX) last released its quarterly earnings results on Thursday, May 5th. The company reported ($0.03) earnings per share 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 for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 EPS. Analysts forecast that Marchex Inc. will post ($0.04) earnings per share for the current year.

Other hedge funds and institutional investors have made changes to their positions in the company. Dimensional Fund Advisors LP boosted 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 last quarter. P.A.W. Capital Corp boosted 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 last quarter. Finally, Morgan Stanley boosted 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 last quarter.

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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