Marchex (MCHX) is Initiated by ROTH Capital to Buy according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $6. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.
Shares of Marchex, Inc. (NASDAQ:MCHX) ended Thursday session in red amid volatile trading. The shares closed down 0.09 points or 2.22% at $3.96 with 100,742 shares getting traded. Post opening the session at $4.08, the shares hit an intraday low of $3.95 and an intraday high of $4.11 and the price vacillated in this range throughout the day. The company has a market cap of $167 million and the number of outstanding shares has been calculated to be 42,065,021 shares. The 52-week high of Marchex, Inc. (NASDAQ:MCHX) is $5.32 and the 52-week low is $3.51.
Marchex, Inc. (NASDAQ:MCHX) has received a short term rating of buy from research analysts at Zacks with a rank of 2. The company has been rated an average of 2 by 3 Wall Street Analysts. 1 analysts have added the shares in their list of strong buys. 1 stock experts have also rated a buy. 1 broker firms have advised hold.
Marchex, Inc. (NASDAQ:MCHX) shares are expected to touch $6.67 in the short term. This short term price target has been shared by 3 analysts. However, the standard deviation of short term price estimate has been valued at 2.08. The target price could hit $9 on the higher end and $5 on the lower end.
Marchex, Inc. has lost 3.65% in the last five trading days and dropped 3.65% in the last 4 weeks. Marchex, Inc. has dropped 0.75% during the last 3-month period . Year-to-Date the stock performance stands at -12.9%.
Marchex, Inc. is a digital call advertising and small business solutions company. The Company offers products, services and technologies that enable advertisers to reach local consumers across online, mobile and offline sources. Its products and services primarily include digital call-based advertising, pay-per-click advertising, and its Website traffic sources. In addition, the Company provides performance marketing solutions, including private-label products for small businesses, to a network of reseller partners, including Yellow Pages publishers, media, telecommunications companies and vertical marketing service providers. It generates revenue from two primary sources: performance-based digital call advertising and its non-call driven sources. During the year ended December 31, 2011, revenue from its Website traffic sources accounted for approximately 14% of total revenues.