The Chief Executive Officer of Marchex, Inc. (NASDAQ: MCHX) is Buying Shares

Today, the Chief Executive Officer of Marchex, Inc. (NASDAQ: MCHX), Peter Christothoulou, bought shares of MCHX for $4,927.

The company has a one year high of $8.83 and a one year low of $3.12. MCHX’s market cap is $136.1M and the company has a P/E ratio of 89.1%. Currently, Marchex has an average volume of 87.69k.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $6.33, reflecting a -42.3% downside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy MCHX with a $9 price target. Five different firms, including BMO Capital and Deutsche Bank, currently also have a Buy rating on the stock.

Looking at blogger coverage of MCHX, there is a 50% Bullish tendency on the stock, in relation to a 68% average bullish tendency within the Service sector.

Over the last 3 months, the insider sentiment on Marchex has been negative based on 17 corporate insider transactions. This sentiment is equal to the average sector sentiment of insiders.

Marchex Inc is is a mobile advertising technology company. Itprovides products and services for businesses of all sizes that depend on consumer calls to drive sales.