Marchex (NASDAQ:MCHX) Posts Earnings Results, Misses Expectations By $0.03 EPS

Marchex (NASDAQ:MCHX) issued its quarterly earnings data on Wednesday. The technology company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03), FiscalAI reports. The company had revenue of $10.85 million during the quarter, compared to analyst estimates of $10.97 million. Marchex had a negative return on equity of 13.57% and a negative net margin of 10.38%.

Marchex Trading Up 4.2%

NASDAQ:MCHX traded up $0.06 during midday trading on Wednesday, reaching $1.49. The company had a trading volume of 6,849 shares, compared to its average volume of 17,264. Marchex has a 12-month low of $1.26 and a 12-month high of $2.31. The firm has a market capitalization of $65.83 million, a price-to-earnings ratio of -13.55 and a beta of 2.05. The stock’s fifty day simple moving average is $1.56 and its 200-day simple moving average is $1.67.

Institutional Investors Weigh In On Marchex

A number of hedge funds have recently bought and sold shares of MCHX. XTX Topco Ltd acquired a new position in shares of Marchex during the fourth quarter worth about $26,000. Jane Street Group LLC purchased a new stake in shares of Marchex during the first quarter worth approximately $30,000. Manatuck Hill Partners LLC acquired a new stake in Marchex in the second quarter valued at approximately $88,000. Finally, Kanen Wealth Management LLC raised its holdings in Marchex by 10.9% in the fourth quarter. Kanen Wealth Management LLC now owns 1,249,399 shares of the technology company’s stock valued at $2,099,000 after acquiring an additional 123,011 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MCHX shares. Zacks Research upgraded shares of Marchex from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Marchex in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Marchex has an average rating of “Reduce”.

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.