The stock of Marchex, Inc. (NASDAQ:MCHX) reached all time low today, Oct, 4 and still has $2.38 target or 10.00% below today’s $2.64 share price. This indicates more downside for the $113.53 million company. This technical setup was reported by Barchart.com. If the $2.38 PT is reached, the company will be worth $11.35M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 33,675 shares traded hands. Marchex, Inc. (NASDAQ:MCHX) has declined 36.93% since March 1, 2016 and is downtrending. It has underperformed by 46.17% the S&P500.
Analysts await Marchex, Inc. (NASDAQ:MCHX) to report earnings on November, 2. After $-0.10 actual earnings per share reported by Marchex, Inc. for the previous quarter, Wall Street now forecasts -10.00% EPS growth.
Marchex, Inc. (NASDAQ:MCHX) Ratings Coverage
Out of 4 analysts covering Marchex (NASDAQ:MCHX), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $9 is the highest target while $5 is the lowest. The $6 average target is 127.27% above today’s ($2.64) stock price. Marchex has been the topic of 9 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Marchex, Inc. (NASDAQ:MCHX) has “Outperform” rating given on Thursday, November 5 by RBC Capital Markets. The company was maintained on Friday, August 7 by Piper Jaffray. TH Capital initiated Marchex, Inc. (NASDAQ:MCHX) on Tuesday, December 22 with “Buy” rating. The rating was initiated by Roth Capital on Tuesday, December 22 with “Buy”. RBC Capital Markets maintained it with “Outperform” rating and $5 target price in Friday, February 19 report. The firm has “Overweight” rating given on Friday, August 28 by Piper Jaffray. Roth Capital downgraded the shares of MCHX in a report on Wednesday, August 10 to “Neutral” rating.
According to Zacks Investment Research, “Marchex is a leading mobile and online advertising company that drives millions of consumers to connect with businesses over the phone, delivers the most quality phone calls in the industry, and provides in-depth analysis of those phone calls. Through their robust platform, they offer three critical components for businesses looking to acquire new customers through phone calls. Marchex Call Analytics offers ad campaign measurement and intelligence and their Digital Call Marketplace and Local Leads solutions are designed for advertisers focused on new customer acquisition. The Marchex platform drives, measures and monetizes millions of mobile and online connections through the phone to advertisers each month. Their Digital Call Marketplace combines exclusive and preferred relationships with leading mobile carriers and mobile application developers, such as AT&T, Verizon, and Sprint, with the analytics technology to constantly measure and optimize ad campaign results.”
Insitutional Activity: The institutional sentiment increased to 1.08 in 2016 Q2. Its up 0.24, from 0.84 in 2016Q1. The ratio increased, as 16 funds sold all Marchex, Inc. shares owned while 22 reduced positions. 14 funds bought stakes while 27 increased positions. They now own 22.46 million shares or 2.29% less from 22.99 million shares in 2016Q1.
Globeflex Capital L P last reported 17,628 shares in the company. The New Jersey-based Jacobs Levy Equity Inc has invested 0.01% in Marchex, Inc. (NASDAQ:MCHX). Deutsche Commercial Bank Ag accumulated 0% or 117,386 shares. Prescott Gru Management Limited Com accumulated 1.37% or 1.79M shares. Walleye Trading Lc has invested 0% of its portfolio in Marchex, Inc. (NASDAQ:MCHX). Concourse Limited Com has invested 0.26% of its portfolio in Marchex, Inc. (NASDAQ:MCHX). Goldman Sachs Gp Inc, a New York-based fund reported 156,294 shares. Moreover, Vanguard Group has 0% invested in Marchex, Inc. (NASDAQ:MCHX) for 1.11M shares. Rhumbline Advisers holds 57,043 shares or 0% of its portfolio. Ladenburg Thalmann accumulated 2,000 shares or 0% of the stock. Connor Clark & Lunn Management Limited has 0% invested in the company for 11,925 shares. Dimensional Fund Advisors Lp owns 1.51 million shares or 0% of their US portfolio. Fincl Bank Of New York Mellon Corporation, a New York-based fund reported 197,957 shares. Blackrock Incorporated owns 6,417 shares or 0% of their US portfolio. Paw Cap Corporation has invested 4% of its portfolio in Marchex, Inc. (NASDAQ:MCHX).
More recent Marchex, Inc. (NASDAQ:MCHX) news were published by: Seekingalpha.com which released: “Marchex CEO, chairman resign posts as company hunts profitability” on October 03, 2016. Also Twst.com published the news titled: “Marchex Inc.: Marchex Announces CEO and Board Transitions” on October 03, 2016. Reuters.com‘s news article titled: “BRIEF-Prescott Group reports a passive stake of 10.6 percent in Marchex In…” with publication date: September 02, 2016 was also an interesting one.
MCHX Company Profile
Marchex, Inc., incorporated on January 17, 2003, is an advertising analytics company. The Firm offers services and products 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. The Company’s sales analytics products deliver actionable intelligence on the offline consumer journey to help prospects become customers. The Company’s product offerings include Marchex Call Analytics, Marchex Call Analytics for Search, Marchex Display Analytics, Marchex Call Marketplace and Local Leads.
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