Marchex Inc. (NASDAQ:MCHX) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $2.70 and last traded at $2.78, with a volume of 3,602,541 shares. The stock had previously closed at $3.39.

MCHX has been the subject of several recent research reports. Zacks Investment Research raised shares of Marchex from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a research report on Thursday, April 21st. Roth Capital reissued a “neutral” rating on shares of Marchex in a research report on Wednesday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $5.69.

The company has a market cap of $123.63 million and a price-to-earnings ratio of 6.71. The company has a 50 day moving average price of $3.15 and a 200 day moving average price of $3.76.

Marchex (NASDAQ:MCHX) last released its earnings results on Tuesday, August 9th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02). The firm earned $34.40 million during the quarter, compared to analysts’ expectations of $34.97 million. The company’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.02 earnings per share. Equities research analysts predict that Marchex Inc. will post ($0.07) EPS for the current year.

A hedge fund recently raised its stake in Marchex stock. Dimensional Fund Advisors LP boosted its stake in Marchex Inc. (NASDAQ:MCHX) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 approximately 3.43% of Marchex worth $5,510,000 as of its most recent filing with the SEC.

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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