Marchex Inc. (NASDAQ:MCHX) reached a new 52-week low on Wednesday . The stock traded as low as $3.02 and last traded at $3.14, with a volume of 43,729 shares. The stock had previously closed at $3.06.

Several research firms recently weighed in on MCHX. TheStreet raised shares of Marchex from a “sell” rating to a “hold” rating in a research report on Friday, April 1st. Zacks Investment Research raised shares of Marchex from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a report on Thursday, April 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $5.55.

The stock has a market capitalization of $127.34 million and a P/E ratio of 6.91. The stock’s 50-day moving average is $3.34 and its 200-day moving average is $3.87.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.01. The company earned $35.99 million during the quarter, compared to the consensus estimate of $35.50 million. During the same period in the prior year, the business posted $0.04 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. On average, analysts expect that Marchex Inc. will post ($0.04) EPS for the current fiscal year.

An institutional investor recently raised its position in Marchex stock. Morgan Stanley boosted its stake in Marchex Inc. (NASDAQ:MCHX) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 340,598 shares of the company’s stock after buying an additional 1,590 shares during the period. Morgan Stanley owned 0.82% of Marchex worth $1,325,000 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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