Marchex (NASDAQ:MCHX) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Marchex, Inc. (NASDAQ:MCHX)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.60 and traded as high as $1.66. Marchex shares last traded at $1.64, with a volume of 11,444 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have weighed in on MCHX shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Marchex in a report on Tuesday, April 21st. Zacks Research raised Marchex from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Marchex presently has an average rating of “Reduce”.

Marchex Stock Up 0.6%

The firm has a market cap of $72.65 million, a price-to-earnings ratio of -14.91 and a beta of 1.95. The business has a 50 day moving average of $1.60 and a 200 day moving average of $1.60.

Marchex (NASDAQ:MCHX) last posted its quarterly earnings data on Wednesday, May 13th. The technology company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). Marchex had a negative net margin of 11.15% and a negative return on equity of 14.61%. The company had revenue of $10.62 million for the quarter, compared to analyst estimates of $10.89 million. Research analysts predict that Marchex, Inc. will post -0.03 earnings per share for the current year.

Institutional Trading of Marchex

A number of hedge funds have recently added to or reduced their stakes in the business. Marathon Capital Management boosted its stake in Marchex by 13.9% in the 3rd quarter. Marathon Capital Management now owns 61,500 shares of the technology company’s stock worth $110,000 after buying an additional 7,500 shares during the last quarter. XTX Topco Ltd acquired a new stake in Marchex in the 4th quarter worth about $26,000. Jane Street Group LLC acquired a new stake in Marchex in the 1st quarter worth about $30,000. Manatuck Hill Partners LLC acquired a new stake in Marchex in the 2nd quarter worth about $88,000. Finally, Kanen Wealth Management LLC boosted its stake in Marchex by 4.1% in the 1st quarter. Kanen Wealth Management LLC now owns 1,300,388 shares of the technology company’s stock worth $2,016,000 after buying an additional 50,989 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

About Marchex

Marchex, Inc (NASDAQ: MCHX) operates a call data and analytics platform designed to help businesses measure and optimize customer interactions. The company’s core services include call tracking, conversational analytics and performance marketing solutions that attribute phone calls to specific advertising campaigns. By capturing and analyzing voice interactions, Marchex enables advertisers, agencies and brands to gain actionable insights into caller intent, marketing ROI and customer behavior.

Through its suite of technologies, Marchex offers real-time call monitoring, keyword spotting and AI-driven transcription to surface trends and conversion signals from inbound calls.