Roth Capital analyst Darren Aftahi maintained a Hold rating on Marchex (MCHX) yesterday and set a price target of $3.40. The company’s shares closed yesterday at $3.07.
Aftahi noted:
“We believe Callcap broadens MCHX’s analytics reach, expanding further into auto, and new verticals like home services (HVAC) and SMBs. 3Q18 PF core analytics revenue suggests an annualized run rate of ~$50M, which given Callcap’s double-digit expected growth points to this segment becoming ~50% of revenue in FY19. Although encouraged, we maintain our Neutral rating, while adjusting our PT to $3.40.”
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 8.7% and a 50.0% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
Marchex has an analyst consensus of Hold, with a price target consensus of $3.40.
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The company has a one-year high of $3.20 and a one-year low of $2.47. Currently, Marchex has an average volume of 91.86K.
Based on the recent corporate insider activity of 21 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.
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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.
