In a report released yesterday, Darren Aftahi from Roth Capital maintained a Buy rating on Marchex (MCHX), with a price target of $7. The company’s shares closed yesterday at $4.39, close to its 52-week high of $4.75.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 12.7% and a 55.7% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
Currently, the analyst consensus on Marchex is a Moderate Buy with an average price target of $7.
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The company has a one-year high of $4.75 and a one-year low of $2.47. Currently, Marchex has an average volume of 168K.
Based on the recent corporate insider activity of 22 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 connecting online behavior to real-world and offline actions. The company offers driving phone calls and local leads platform through the Call-Driven segment. Its products include call, search, and display and video analytics.
