Marchex (NASDAQ:MCHX) Shares Pass Above 200 Day Moving Average - Time to Sell?

Key Points

• Marchex shares rose above their 200-day moving average, reaching $1.85 before closing at $1.81, compared with a 200-day average of $1.62.
• Analyst sentiment remains weak: Weiss Ratings reaffirmed a “sell (D-)” rating, while the two analysts covering the stock rate it either Hold or Sell, resulting in a consensus “Reduce” rating.
• The company’s latest quarter fell short of expectations, reporting a $0.01 per-share loss versus an expected $0.02 profit and revenue of $11.0 million versus $11.2 million expected; Marchex also posted negative net margin and return on equity.

Marchex, Inc. (NASDAQ:MCHX - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.62 and traded as high as $1.85. Marchex shares last traded at $1.81, with a volume of 12,563 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Marchex in a research report on Friday, July 17th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Marchex currently has an average rating of "Reduce".

Marchex Price Performance

The business has a 50-day moving average of $1.74 and a 200 day moving average of $1.62. The company has a market capitalization of $80.26 million, a PE ratio of -15.08 and a beta of 1.90.

Marchex (NASDAQ:MCHX - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $11.20 million. Marchex had a negative net margin of 12.44% and a negative return on equity of 18.25%.

Institutional Investors Weigh In On Marchex

Large investors have recently bought and sold shares of the business. Kanen Wealth Management LLC raised its stake in Marchex by 4.1% during the first quarter. Kanen Wealth Management LLC now owns 1,300,388 shares of the technology company's stock valued at $2,016,000 after purchasing an additional 50,989 shares in the last quarter. Acuitas Investments LLC bought a new stake in shares of Marchex in the 1st quarter worth about $207,000. Manatuck Hill Partners LLC purchased a new stake in shares of Marchex during the 2nd quarter valued at about $88,000. Jane Street Group LLC purchased a new stake in shares of Marchex during the 1st quarter valued at about $30,000. Finally, XTX Topco Ltd purchased a new stake in shares of Marchex during the 4th quarter valued at about $26,000. 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.

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