The stock of Marchex, Inc. (NASDAQ:MCHX) hit a new 52-week low and has $2.20 target or 11.00% below today’s $2.47 share price. The 5 months bearish chart indicates high risk for the $105.32 million company. The 1-year low was reported on Nov, 1 by Barchart.com. If the $2.20 price target is reached, the company will be worth $11.59 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 25,946 shares traded hands. Marchex, Inc. (NASDAQ:MCHX) has declined 43.37% since March 30, 2016 and is downtrending. It has underperformed by 46.38% the S&P500.
Analysts await Marchex, Inc. (NASDAQ:MCHX) to report earnings on November, 2. After $-0.10 actual EPS 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 firm has “Neutral” rating given on Wednesday, August 10 by Roth Capital. The rating was maintained by Piper Jaffray on Friday, August 7 with “Overweight”. RBC Capital Markets maintained Marchex, Inc. (NASDAQ:MCHX) on Friday, February 19 with “Outperform” rating. The firm earned “Buy” rating on Tuesday, December 22 by TH Capital. Roth Capital initiated it with “Buy” rating and $6 target price in Tuesday, December 22 report. RBC Capital Markets maintained it with “Outperform” rating and $6 target price in Thursday, November 5 report. The firm earned “Overweight” rating on Friday, August 28 by Piper Jaffray.
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 improved, 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.
Schwab Charles Investment Mngmt reported 48,200 shares or 0% of all its holdings. The Michigan-based Arcadia Invest Mgmt Mi has invested 0.01% in Marchex, Inc. (NASDAQ:MCHX). Menta Cap Llc has 0.03% invested in the company for 69,099 shares. Archon Cap Mgmt Llc holds 8.21% of its portfolio in Marchex, Inc. (NASDAQ:MCHX) for 2.15 million shares. Bridgeway Management holds 568,969 shares or 0.03% of its portfolio. Ameriprise Fincl has 0% invested in the company for 333,830 shares. Blackrock Advisors Limited reported 16,092 shares or 0% of all its holdings. Acadian Asset Limited Com accumulated 0.01% or 341,279 shares. Bank Of America De has 0% invested in the company for 34,019 shares. The British Columbia – Canada-based Connor Clark And Lunn Invest has invested 0% in Marchex, Inc. (NASDAQ:MCHX). Pnc Financial Svcs Grp Inc accumulated 0% or 200,365 shares. Connors Investor holds 0.01% of its portfolio in Marchex, Inc. (NASDAQ:MCHX) for 22,500 shares. Springbok Cap Mgmt Ltd Llc holds 0% of its portfolio in Marchex, Inc. (NASDAQ:MCHX) for 4,381 shares. Kennedy Cap Management last reported 0.03% of its portfolio in the stock. Eagle Advsr Limited Company has 107,087 shares for 0.01% of their US portfolio.
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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