Marchex Given Outperform Rating at RBC Capital (MCHX)
Marchex (NASDAQ:MCHX)‘s stock had its “outperform” rating restated by equities research analysts at RBC Capital in a research note issued to investors on Friday, AnalystRatings.Net reports. They currently have a $8.00 price target on the stock, down from their previous price target of $10.00. RBC Capital’s target price would suggest a potential upside of 17.47% from the company’s current price.
Marchex (NASDAQ:MCHX) traded up 2.79% on Friday, hitting $7.00. The stock had a trading volume of 35,019 shares. Marchex has a 1-year low of $3.41 and a 1-year high of $7.58. The stock’s 50-day moving average is $6.73 and its 200-day moving average is $5.43. The company’s market cap is $248.0 million.
Marchex (NASDAQ:MCHX) last announced its earnings results on Tuesday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $39.00 million for the quarter, compared to the consensus estimate of $36.20 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Analysts expect that Marchex will post $0.16 EPS for the current fiscal year.
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.
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