Marchex Inc. (NASDAQ:MCHX) fell 1.9% during trading on Friday . The company traded as low as $3.09 and last traded at $3.12, with a volume of 132,051 shares. The stock had previously closed at $3.18.

Separately, Zacks Investment Research upgraded shares of Marchex from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a report on Thursday, April 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Marchex has an average rating of “Buy” and an average target price of $5.55.

The company has a market capitalization of $128.57 million and a PE ratio of 6.98. The stock’s 50 day moving average price is $3.18 and its 200-day moving average price is $3.77.

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

Other large investors have modified their holdings of the company. Dimensional Fund Advisors LP increased its stake 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 worth $5,510,000 after buying an additional 75,155 shares during the last quarter. P.A.W. Capital Corp increased its stake 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 worth $2,529,000 after buying an additional 50,000 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of Marchex by 0.5% in the fourth quarter. Morgan Stanley now owns 340,598 shares of the company’s stock worth $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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