Marchex Inc. (NASDAQ:MCHX) was down 2.3% on Monday . The company traded as low as $2.91 and last traded at $2.91, with a volume of 74,444 shares traded. The stock had previously closed at $2.98.

A number of equities research analysts have recently weighed in on MCHX shares. Roth Capital reiterated a “neutral” rating on shares of Marchex in a research report on Wednesday, August 10th. Zacks Investment Research upgraded Marchex from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a research report on Friday, April 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $5.69.

The firm’s 50 day moving average is $3.13 and its 200-day moving average is $3.75. The stock’s market cap is $118.93 million.

Marchex (NASDAQ:MCHX) last posted its earnings results on Tuesday, August 9th. The company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). During the same quarter in the prior year, the firm posted $0.02 earnings per share. The firm earned $34.40 million during the quarter, compared to analysts’ expectations of $34.97 million. Marchex’s quarterly revenue was down 2.5% on a year-over-year basis. Equities research analysts predict that Marchex Inc. will post ($0.13) EPS for the current fiscal year.

An institutional investor recently raised its position in Marchex stock. Dimensional Fund Advisors LP increased its position 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. The fund 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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