Marchex Inc. Sets New 1-Year High at $10.10 (MCHX)
Marchex (NASDAQ:MCHX) set a new 52-week high during trading hours on Monday, American Banking and Market News reports. The company traded as high as $10.10 and last traded at $10.00, with a volume of 301,727 shares. The stock had previously closed at $9.69.
MCHX has been the subject of a number of recent research reports. Analysts at BMO Capital Markets raised their price target on shares of Marchex from $8.00 to $11.00 in a research note to investors on Thursday, November 7th. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Marchex from $10.00 to $11.00 in a research note to investors on Wednesday, November 6th. They now have an “outperform” rating on the stock. Finally, analysts at Northland Securities initiated coverage on shares of Marchex in a research note to investors on Tuesday, November 5th. They set an “outperform” rating and a $12.00 price target on the stock. Five analysts have rated the stock with a buy rating, Marchex presently has an average rating of “Buy” and an average target price of $11.50.
In other Marchex news, VP Michael Miller sold 6,125 shares of the company’s stock on the open market in a transaction dated Monday, January 6th. The shares were sold at an average price of $9.70, for a total transaction of $59,412.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Marchex has a 52-week low of $3.47 and a 52-week high of $10.00. The stock has a 50-day moving average of $8.93 and a 200-day moving average of $7.58. The company’s market cap is $359.3 million.
Marchex (NASDAQ:MCHX) last announced its earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. The company had revenue of $40.60 million for the quarter, compared to the consensus estimate of $37.95 million. On average, analysts predict that Marchex will post $0.17 earnings per share 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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