Shares of Marchex, Inc. (NASDAQ:MCHX) have been assigned an average recommendation of “Buy” from the seven research firms that are presently covering the company, Market Beat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $5.31.

Marchex (NASDAQ:MCHX) opened at 3.72 on Friday. Marchex has a 52-week low of $3.08 and a 52-week high of $5.32. The company has a 50-day moving average price of $3.82 and a 200 day moving average price of $4.13. The company has a market capitalization of $153.83 million and a PE ratio of 5.91.

Marchex (NASDAQ:MCHX) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. During the same period last year, the company earned $0.04 earnings per share. The firm earned $36.90 million during the quarter, compared to analysts’ expectations of $35.18 million. The business’s revenue for the quarter was down 21.8% compared to the same quarter last year. Equities research analysts anticipate that Marchex will post $0.20 earnings per share for the current year.

MCHX has been the topic of a number of recent analyst reports. Roth Capital initiated coverage on shares of Marchex in a research report on Monday, December 28th. They issued a “buy” rating and a $6.00 price objective on the stock. Piper Jaffray reissued a “buy” rating on shares of Marchex in a research report on Tuesday, December 22nd. Zacks Investment Research raised shares of Marchex from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research report on Saturday, January 16th. Finally, RBC Capital raised their target price on shares of Marchex from $5.50 to $6.00 and gave the stock an “outperform” rating in a research report on Thursday, November 5th.

Marchex, Inc. is a mobile advertising technology company. The Company provides products and services for businesses of all sizes that depend on consumer calls to drive sales. The Company’s business operations include the Call-driven, which consists of its performance-based advertising business focused on driving phone calls and the Archeo, which provides a performance-based pay-per-click advertising service that connects advertisers with consumers across its owned and operated Web sites, as well as third-party Web sites and it also sells domain names. Its technology platform delivers performance-based, pay-for-call advertising across various mobile and online publishers to connect millions of consumers with businesses over the phone. Its primary products offerings include Marchex Call Marketplace, Marchex Call Analytics and Local Leads. Its portfolio of Websites includes 90210.com, Yellow.com and OpenList.com.

12 Month Chart for NASDAQ:MCHX

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