Northland Securities analyst Michael Latimore maintained a Buy rating on Marchex (MCHX – Research Report) today and set a price target of $4.00. The company’s shares closed yesterday at $1.37.
According to TipRanks, Latimore is a 5-star analyst with an average return of 18.1% and a 50.31% success rate. Latimore covers the Technology sector, focusing on stocks such as Synchronoss Technologies, Rekor Systems, and Matterport.
Currently, the analyst consensus on Marchex is a Moderate Buy with an average price target of $3.25, a 137.23% upside from current levels. In a report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $2.50 price target.
The company has a one-year high of $2.20 and a one-year low of $1.11. Currently, Marchex has an average volume of 77.32K.
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Marchex (MCHX) Company Description:
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.
