Marchex (NASDAQ:MCHX) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Marchex, Inc. (NASDAQ:MCHX)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.60 and traded as high as $1.6550. Marchex shares last traded at $1.61, with a volume of 13,239 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Marchex in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Marchex Stock Performance

The firm has a market capitalization of $71.32 million, a price-to-earnings ratio of -14.64 and a beta of 1.91. The firm’s 50-day moving average price is $1.61 and its two-hundred day moving average price is $1.60.

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

Hedge Funds Weigh In On Marchex

Hedge funds have recently modified their holdings of the stock. Kanen Wealth Management LLC lifted its position in shares of Marchex by 4.1% during 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 period. Acuitas Investments LLC bought a new stake in Marchex in the first quarter valued at $207,000. XTX Topco Ltd acquired a new position in Marchex during the fourth quarter worth $26,000. Marathon Capital Management raised its stake in Marchex by 13.9% during the third quarter. Marathon Capital Management now owns 61,500 shares of the technology company’s stock worth $110,000 after acquiring an additional 7,500 shares in the last quarter. Finally, Manatuck Hill Partners LLC acquired a new position in Marchex during the second quarter worth $88,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Marchex Company Profile

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.