Marchex (NASDAQ:MCHX) Shares Pass Above 200 Day Moving Average – What’s Next?

Marchex, Inc. (NASDAQ:MCHX)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Zacks Research upgraded Marchex from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Weiss Ratings reiterated 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Marchex Stock Up 1.2%

The company has a 50-day moving average price of $1.61 and a two-hundred day moving average price of $1.60. The stock has a market capitalization of $73.54 million, a P/E ratio of -15.09 and a beta of 1.95.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings results on Wednesday, May 13th. The technology company reported ($0.03) earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $10.89 million. On average, sell-side analysts expect that Marchex, Inc. will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MCHX. Kanen Wealth Management LLC bought a new position in shares of Marchex in the first quarter worth approximately $813,000. Jane Street Group LLC purchased a new stake in Marchex in the first quarter worth approximately $30,000. Manatuck Hill Partners LLC purchased a new stake in shares of Marchex during the second quarter valued at approximately $88,000. Marathon Capital Management boosted its stake in shares of Marchex by 13.9% during the third quarter. Marathon Capital Management now owns 61,500 shares of the technology company’s stock valued at $110,000 after purchasing an additional 7,500 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Marchex during the fourth quarter valued at approximately $26,000. 73.46% of the stock is currently owned by institutional investors.

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.