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

Separately, Zacks Investment Research raised Marchex from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a research note on Thursday, April 21st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $5.55.

The company has a 50-day moving average of $3.18 and a 200 day moving average of $3.77. The firm has a market cap of $128.57 million and a P/E ratio of 6.98.

Marchex (NASDAQ:MCHX) last posted 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 firm 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 company earned $0.04 earnings per share. Marchex’s revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts anticipate that Marchex Inc. will post ($0.04) earnings per share for the current year.

An institutional investor recently raised its position 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 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 approximately 3.43% of Marchex worth $5,510,000 at the end of the most recent reporting period.

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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