Roth Capital Starts Marchex (MCHX) at Buy

Roth Capital initiates coverage on Marchex (NASDAQ: MCHX) with a Buy rating and a price target of $6.00.

Analyst Darren Aftahi commented, "As calls to businesses from smartphones continue to grow, we see MCHX’s mobile advertising call analytics platform as a prime beneficiary. With several top-line catalysts in place to drive a resumption of overall growth, including Search and Display Analytics, international expansion, and its agency partnership with WPP (WPPGY-NC), we believe MCHX is an overlooked and differentiated growth story in the mobile advertising sector that we would own. We initiate coverage with a Buy rating and $6 price target."

For an analyst ratings summary and ratings history on Marchex click here. For more ratings news on Marchex click here.

Shares of Marchex closed at $3.64 yesterday.

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