Marchex (NASDAQ:MCHX) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Marchex shares moved above their 200-day moving average, reaching $1.81 before closing at $1.77, compared with a 200-day average of $1.62.
• Analyst sentiment remains weak: Weiss Ratings maintained a “sell (D-)” rating, while MarketBeat reports a consensus rating of “Reduce” from one Hold and one Sell recommendation.
• The company missed quarterly expectations, reporting a $0.01 per-share loss versus an expected $0.02 profit and revenue of $11.0 million versus $11.2 million estimated. Marchex also posted negative net margin and return on equity, despite institutional investors owning 73.46% of its shares.

Marchex, Inc. (NASDAQ:MCHX - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.62 and traded as high as $1.81. Marchex shares last traded at $1.77, with a volume of 8,646 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Marchex in a research note on Friday, July 17th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Marchex has a consensus rating of "Reduce".

Marchex Stock Down 1.1%

The firm has a 50-day simple moving average of $1.70 and a 200 day simple moving average of $1.62. The company has a market cap of $78.41 million, a price-to-earnings ratio of -14.75 and a beta of 1.90.

Marchex (NASDAQ:MCHX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The technology company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). The firm had revenue of $11.00 million during the quarter, compared to analyst estimates of $11.20 million. Marchex had a negative net margin of 12.44% and a negative return on equity of 18.25%. As a group, research analysts expect that Marchex, Inc. will post 0.01 EPS for the current year.

Institutional Trading of Marchex

A number of large investors have recently bought and sold shares of the business. Kanen Wealth Management LLC grew its position in 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 purchasing an additional 50,989 shares during the last quarter. Acuitas Investments LLC purchased a new stake in shares of Marchex in the first quarter valued at about $207,000. XTX Topco Ltd acquired a new stake in shares of Marchex during the fourth quarter worth about $26,000. Manatuck Hill Partners LLC acquired a new stake in shares of Marchex during the second quarter worth about $88,000. Finally, Jane Street Group LLC acquired a new stake in shares of Marchex during the first quarter worth about $30,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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