Marchex Inc. (MCHX) Shares Up 5.4%
Marchex Inc. (NASDAQ:MCHX)’s share price shot up 5.4% during mid-day trading on Monday . The company traded as high as $3.35 and last traded at $3.29, with a volume of 105,926 shares trading hands. The stock had previously closed at $3.12.
Separately, Zacks Investment Research raised Marchex from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Marchex currently has a consensus rating of “Buy” and an average target price of $5.55.
The stock has a market capitalization of $135.58 million and a price-to-earnings ratio of 7.36. The firm’s 50 day moving average is $3.17 and its 200-day moving average is $3.77.
A hedge fund recently raised its stake in Marchex stock. Dimensional Fund Advisors LP boosted its stake in shares of Marchex Inc. (NASDAQ:MCHX) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,416,444 shares of the company’s stock after buying an additional 75,155 shares during the period. Dimensional Fund Advisors LP owned about 3.43% of Marchex worth $5,510,000 at the end of the most recent 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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