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

Marchex, Inc. (NASDAQ:MCHX) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.61 and traded as high as $1.80. Marchex shares last traded at $1.74, with a volume of 7,227 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Marchex in a report on Friday, July 17th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Marchex Price Performance

The company has a market cap of $80.63 million, a P/E ratio of -16.55 and a beta of 1.90. The company has a 50 day moving average of $1.67 and a 200-day moving average of $1.61.

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

Hedge Funds Weigh In On Marchex

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kanen Wealth Management LLC bought a new stake in Marchex in the 1st quarter worth approximately $813,000. Acuitas Investments LLC bought a new position in Marchex during the first quarter valued at approximately $207,000. Manatuck Hill Partners LLC bought a new position in Marchex during the second quarter valued at approximately $88,000. Jane Street Group LLC purchased a new position in shares of Marchex during the first quarter worth approximately $30,000. Finally, XTX Topco Ltd purchased a new position in shares of Marchex during the fourth quarter worth approximately $26,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

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.