The stock of Marchex, Inc. (NASDAQ:MCHX) hit a new 52-week low and has $2.28 target or 12.00% below today’s $2.59 share price. The 8 months bearish chart indicates high risk for the $111.32M company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $2.28 price target is reached, the company will be worth $13.36M 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 13,986 shares traded hands. Marchex, Inc. (NASDAQ:MCHX) has declined 42.63% since March 14, 2016 and is downtrending. It has underperformed by 48.25% 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. The stock of Marchex, Inc. (NASDAQ:MCHX) has “Overweight” rating given on Friday, August 28 by Piper Jaffray. The rating was maintained by Piper Jaffray with “Overweight” on Friday, August 7. The stock of Marchex, Inc. (NASDAQ:MCHX) has “Neutral” rating given on Wednesday, August 10 by Roth Capital. The company was initiated on Tuesday, December 22 by TH Capital. As per Tuesday, December 22, the company rating was initiated by Roth Capital. RBC Capital Markets maintained Marchex, Inc. (NASDAQ:MCHX) on Friday, February 19 with “Outperform” rating. The rating was maintained by RBC Capital Markets on Thursday, November 5 with “Outperform”.
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.
Nationwide Fund Advsr owns 27,511 shares or 0% of their US portfolio. Moreover, Deutsche Comml Bank Ag has 0% invested in Marchex, Inc. (NASDAQ:MCHX) for 117,386 shares. Paw, a Connecticut-based fund reported 1.10 million shares. Ameriprise Financial last reported 0% of its portfolio in the stock. Blackrock Group Inc Limited last reported 0% of its portfolio in the stock. Renaissance Tech Limited Liability accumulated 0.01% or 1.07 million shares. Ladenburg Thalmann Fin Svcs Inc owns 2,000 shares or 0% of their US portfolio. The California-based California Employees Retirement System has invested 0% in Marchex, Inc. (NASDAQ:MCHX). Tfs Capital Llc, a Pennsylvania-based fund reported 35,818 shares. Two Sigma Ltd Liability Company accumulated 0.02% or 11,484 shares. Blackrock Fund Advisors holds 0% or 871,051 shares in its portfolio. Moreover, Spark Investment Mgmt Limited Liability has 0% invested in Marchex, Inc. (NASDAQ:MCHX) for 16,600 shares. Acadian Asset Management Limited Liability Corp accumulated 0.01% or 341,279 shares. Manufacturers Life Insurance The has invested 0% of its portfolio in Marchex, Inc. (NASDAQ:MCHX). The New York-based Art Advisors Limited Liability Company has invested 0% in Marchex, Inc. (NASDAQ:MCHX).
Another recent and important Marchex, Inc. (NASDAQ:MCHX) news was published by Equitiesfocus.com which published an article titled: “PEG Ratio Of Marchex, Inc. (NASDAQ:MCHX) At -1.08” on October 16, 2016.
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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