In a report released today, Darren Aftahi from Roth Capital reiterated a Buy rating on Marchex (MCHX – Research Report), with a price target of $3.00. The company’s shares closed last Wednesday at $1.93.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 17.1% and a 38.4% success rate. Aftahi covers the Technology sector, focusing on stocks such as Fathom Holdings, Argo Blockchain, and Digital Turbine.
Currently, the analyst consensus on Marchex is a Moderate Buy with an average price target of $3.00.
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Based on Marchex’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $13.17 million and GAAP net loss of $1.58 million. In comparison, last year the company earned revenue of $12.98 million and had a GAAP net loss of $5.33 million.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MCHX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Marchex, Inc. is a call analytics company, which engages in provision call solutions for marketers, sales and developers. It offers Marchex call analytics platform, Marchex call marketplace, and Marchex local leads products to automotive, travel and hospitality, telecommunications, insurance, home services, digital agencies, healthcare, education and careers, financial services, legal, real estate, and senior living industries. It delivers data insights and incorporate artificial intelligence (AI)-powered functionality that drives insights and solutions to help companies find, engage, and support its customers across voice and text-based communication channels. The company was founded by Russell C. Horowitz, Ethan A. Caldwell, Peter Christothoulou, and John Keister on January 17, 2003 and is headquartered in Seattle, WA.
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