The stock of Marchex, Inc. (NASDAQ:MCHX) hit a new 52-week low and has $2.34 target or 10.00% below today’s $2.60 share price. The 9 months bearish chart indicates high risk for the $115.22 million company. The 1-year low was reported on Oct, 7 by Barchart.com. If the $2.34 price target is reached, the company will be worth $11.52 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 46,202 shares traded hands. Marchex, Inc. (NASDAQ:MCHX) has declined 39.55% since March 4, 2016 and is downtrending. It has underperformed by 47.58% 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. Marchex has been the topic of 9 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Roth Capital downgraded the stock to “Neutral” rating in Wednesday, August 10 report. The rating was maintained by RBC Capital Markets on Friday, February 19 with “Outperform”. The firm earned “Outperform” rating on Thursday, November 5 by RBC Capital Markets. The rating was maintained by Piper Jaffray with “Overweight” on Friday, August 7. On Friday, August 28 the stock rating was maintained by Piper Jaffray with “Overweight”. The company was initiated on Tuesday, December 22 by TH Capital. As per Tuesday, December 22, the company rating was initiated by Roth Capital.
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 is positive, 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.
Dimensional Fund L P, a Texas-based fund reported 1.51 million shares. Prescott Grp Inc has 1.37% invested in the company for 1.79M shares. Cortina Asset Ltd Liability Com, a Wisconsin-based fund reported 967,149 shares. Tfs Capital Limited Liability holds 35,818 shares or 0.02% of its portfolio. New York State Common Retirement Fund owns 29,600 shares or 0% of their US portfolio. Royal Savings Bank Of Canada holds 0% or 2,195 shares in its portfolio. Jacobs Levy Equity Mngmt Inc owns 123,263 shares or 0.01% of their US portfolio. Renaissance Technology Limited Liability has invested 0.01% of its portfolio in Marchex, Inc. (NASDAQ:MCHX). Concourse Mngmt Limited Liability Company has 0.26% invested in the company for 133,230 shares. Citigroup owns 8,311 shares or 0% of their US portfolio. Blackrock Fund Advsr holds 871,051 shares or 0% of its portfolio. Vanguard Grp accumulated 0% or 1.11 million shares. Blackrock Inc reported 6,417 shares or 0% of all its holdings. The New York-based Financial Bank Of New York Mellon has invested 0% in Marchex, Inc. (NASDAQ:MCHX). Two Sigma Ltd Co last reported 0.02% of its portfolio in the stock.
More news for Marchex, Inc. (NASDAQ:MCHX) were recently published by: Seekingalpha.com, which released: “Marchex CEO, chairman resign posts as company hunts profitability” on October 03, 2016. Reuters.com‘s article titled: “BRIEF-Prescott Group reports a passive stake of 10.6 percent in Marchex In…” and published on September 02, 2016 is yet another important article.
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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