Zacks Investment Research cut shares of Marchex, Inc. (NASDAQ:MCHX) from a buy rating to a hold rating in a research report report published on Wednesday morning, MarketBeat.com reports.

According to Zacks, “Marchex is a leading mobile and online advertising company that drives millions of consumers to connect with businesses over the phone, delivers the most quality phone calls in the industry, and provides in-depth analysis of those phone calls. Through their robust platform, they offer three critical components for businesses looking to acquire new customers through phone calls. Marchex Call Analytics offers ad campaign measurement and intelligence and their Digital Call Marketplace and Local Leads solutions are designed for advertisers focused on new customer acquisition. The Marchex platform drives, measures and monetizes millions of mobile and online connections through the phone to advertisers each month. Their Digital Call Marketplace combines exclusive and preferred relationships with leading mobile carriers and mobile application developers, such as AT&T, Verizon, and Sprint, with the analytics technology to constantly measure and optimize ad campaign results. “

A number of other research firms have also recently commented on MCHX. Piper Jaffray reissued a buy rating on shares of Marchex in a research note on Tuesday, December 22nd. RBC Capital increased their price objective on Marchex from $5.50 to $6.00 and gave the company an outperform rating in a research report on Thursday, November 5th. Finally, Roth Capital began coverage on Marchex in a research report on Monday, December 28th. They set a buy rating and a $6.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Marchex has an average rating of Buy and a consensus target price of $6.05.

Marchex (NASDAQ:MCHX) traded down 1.61% on Wednesday, reaching $3.66. The company’s stock had a trading volume of 56,844 shares. Marchex has a one year low of $3.08 and a one year high of $5.32. The stock has a 50-day moving average of $3.82 and a 200-day moving average of $4.13. The stock has a market cap of $151.35 million and a P/E ratio of 5.82.

Marchex (NASDAQ:MCHX) last released its earnings results on Wednesday, November 4th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company earned $36.90 million during the quarter, compared to analysts’ expectations of $35.18 million. The company’s revenue was down 21.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.04 earnings per share. On average, analysts predict that Marchex will post $0.20 EPS for the current fiscal year.

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.

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