Roth Capital Believes Marchex (NASDAQ: MCHX) Still Has Room to Grow

In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on Marchex (MCHXResearch Report), with a price target of $4.75. The company’s shares closed last Wednesday at $3.40, close to its 52-week high of $3.67.

According to TipRanks.com, Aftahi is a top 100 analyst with an average return of 62.0% and a 62.4% success rate. Aftahi covers the Technology sector, focusing on stocks such as Fathom Holdings, Remark Holdings, and Digital Turbine.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Marchex with a $4.75 average price target.

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Based on Marchex’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $26.49 million and GAAP net loss of $3.67 million. In comparison, last year the company earned revenue of $24.79 million and had a GAAP net loss of $1.22 million.

Based on the recent corporate insider activity of 33 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 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.