Marchex (NASDAQ:MCHX) Share Price Crosses 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 $1.63 and traded as high as $1.7658. Marchex shares last traded at $1.74, with a volume of 5,566 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Marchex from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Marchex in a research note on Tuesday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Marchex Stock Up 0.6%

The firm has a market cap of $76.40 million, a PE ratio of -14.50 and a beta of 1.99. The firm’s 50 day moving average is $1.52 and its 200-day moving average is $1.63.

Marchex (NASDAQ:MCHX) last released its earnings results on Wednesday, March 25th. The technology company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The firm had revenue of $10.85 million during the quarter, compared to analysts’ expectations of $10.97 million. Marchex had a negative return on equity of 15.14% and a negative net margin of 11.53%. On average, analysts forecast that Marchex, Inc. will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MCHX. Kanen Wealth Management LLC purchased a new position in shares of Marchex during the 1st quarter worth about $813,000. Jane Street Group LLC purchased a new stake in Marchex in the first quarter valued at approximately $30,000. Manatuck Hill Partners LLC acquired a new position in Marchex during the second quarter worth approximately $88,000. Marathon Capital Management increased its position 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 purchasing an additional 7,500 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in Marchex during the fourth quarter worth approximately $26,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

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.