Share on StockTwits

Shares of Marchex (NASDAQ:MCHX) saw a significant growth in short interest in July. As of July 31st, there was short interest totalling 1,619,687 shares, a growth of 36.1% from the July 15th total of 1,189,871 shares, Analyst RN reports. Approximately 5.5% of the company’s shares are short sold. Based on an average trading volume of 190,448 shares, the short-interest ratio is presently 8.5 days.

Separately, analysts at Northland Securities raised their price target on shares of Marchex from $15.50 to $17.00 in a research note on Monday, June 30th. They now have an “outperform” rating on the stock. Six research analysts have rated the stock with a buy rating, Marchex has an average rating of “Buy” and an average price target of $13.40.

Marchex (NASDAQ:MCHX) opened at 9.33 on Thursday. Marchex has a one year low of $6.60 and a one year high of $12.84. The stock has a 50-day moving average of $11.42 and a 200-day moving average of $10.80. The company has a market cap of $379.6 million and a price-to-earnings ratio of 88.45.

Marchex (NASDAQ:MCHX) last released its earnings data on Tuesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $47.40 million for the quarter, compared to the consensus estimate of $46.44 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 26.1% on a year-over-year basis. Analysts expect that Marchex will post $0.20 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Tuesday, August 5th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Friday, August 1st.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.