BlackRock Fund Advisors has recently announced that it has increased stake in Marchex Inc. (NASDAQ:MCHX) by 0.47%. After grabbing 0.67 million shares, the institutional investor is now in possession of 3147.0 shares of the Communication Services Company. The new investment brought the stake of investor firm to 1.76% having worth around $1.07 million. Moreover, First Eagle Investment Management increased its share by 86758.0 to have a control over 0.51 million shares. And Geode Capital Management LLC raised its holdings to 1242.0 shares by acquiring 0.27 million shares or 0.72% of the stake.
Marchex Inc. (MCHX) concluded trading on 01/26/23 at a closing price of $1.99, with 86545.0 shares of worth about $0.17 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.86% during that period and on Thursday the price saw a loss of about -0.50%. Currently the company’s common shares owned by public are about 43.52M shares, out of which, 34.59M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the MCHX stock and their offered price forecasts bring an average price target of $3.38. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4.00 and could fall to a lowest price of $2.75. The stock’s current price level is 41.12% above of average price target set by the analysts, while a rise to estimated low would result in gain of 27.64% for the stock. However, touching the estimated high of $4.00 would mean a gain of 50.25% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 29 times over the past 12 months. They bought 73,171 shares in 29 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Vanguard Total Stock Market Index, First Eagle Small Cap Opportunity, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Marchex Inc. Vanguard Total Stock Market Index is currently holding 0.55 million shares of worth totaling $0.87 million. The company recently came buying 0.0 shares which brought its stake up to 1.45% of the company’s outstanding shares. First Eagle Small Cap Opportunity bought 62439.0 shares, after which its hold over company’s outstanding shares expand to 1.16%, leaving 0.44 million shares with the mutual fund that have a worth of about $0.7 million. Vanguard Extended Market Index Fu, after buying 0.4 million shares, have now control over 1.06% of the stake in the company. It holds 679.0 shares of worth $0.64 million.
Marchex Inc. (NASDAQ: MCHX) started trading at $1.99, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 2.0500, or with a loss of -0.50%. Stock saw a price change of 13.71% in past 5 days and over the past one month there was a price change of 16.37%. Year-to-date (YTD), MCHX shares are showing a performance of 24.37% which decreased to -19.11% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.23 but also hit the highest price of $2.52 during that period. The average intraday trading volume for Marchex Inc. shares is 20.00K. The stock is currently trading 12.70% above its 20-day simple moving average (SMA20), while that difference is up 13.88% for SMA50 and it goes to 9.25% higher than SMA200.
BlackRock Fund Advisors acquired 0.67 million shares of Marchex Inc. having value of about $1.07 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 3147.0 shares in the company valued at close to $6262.53, or have control over 0.47% stake in the company. Marchex Inc. (NASDAQ: MCHX) currently have 43.52M outstanding shares and institutions hold larger chunk of about 67.90% of that. Holding of mutual funds in the company is about 58.47% while other institutional holders and individual stake holders have control over 80.97% and 5.71% of the stake respectively.
The stock has a current market capitalization of $84.02M and its 3Y-monthly beta is at 2.03. It has posted earnings per share of -$0.15 in the same period. It has Quick Ratio of 3.00 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MCHX, volatility over the week remained 5.69% while standing at 4.58% over the month.
Analysts are in expectations that Marchex Inc. (MCHX) stock would likely to be making an EPS of -$0.01 in the current quarter, while forecast for next quarter EPS is -$0.01 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.01 which is -$0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 89.00%. EPS is likely to shrink at an annualized rate of 15.00% for next 5-years, compared to annual growth of 45.20% made by the stock over the past 5-years.
Analysts at 2 brokerage firms have issued recommendations for the Marchex Inc. (MCHX)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
On February 19, 2016, RBC Capital Mkts Reiterated their recommendations, while on December 22, 2015, ROTH Capital Initiated their ratings for the stock with a price target of $6. Stock get an Outperform rating from RBC Capital Mkts on November 05, 2015.
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