Roth MKM analyst Darren Aftahi maintained a Buy rating on Marchex (MCHX – Research Report) today and set a price target of $2.50. The company’s shares opened today at $1.94.
According to TipRanks, Aftahi is a 5-star analyst with an average return of 10.9% and a 38.20% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine, Veritone, and Riot Platforms.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Marchex with a $3.25 average price target.
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Based on Marchex’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $12.22 million and a GAAP net loss of $4.48 million. In comparison, last year the company earned a revenue of $13.17 million and had a GAAP net loss of $1.58 million
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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.
