Marchex (NASDAQ:MCHX) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Marchex shares moved above their 200-day moving average, reaching $1.78 before closing at $1.74, compared with the 200-day average of $1.63.
• Analysts remain cautious: Weiss Ratings reiterated a “sell” rating, while the broader consensus is “Reduce,” with one Hold and one Sell rating.
• The company’s latest quarterly results missed expectations, reporting a $0.01 loss per share versus an expected $0.02 profit and revenue of $11.0 million versus $11.2 million estimated.

Marchex, Inc. (NASDAQ:MCHX - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.63 and traded as high as $1.78. Marchex shares last traded at $1.74, with a volume of 17,312 shares trading hands.

Wall Street Analysts Forecast Growth

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 given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce".

Marchex Stock Down 1.1%

The firm has a fifty day simple moving average of $1.77 and a 200-day simple moving average of $1.63. The company has a market cap of $77.15 million, a PE ratio of -14.50 and a beta of 1.86.

Marchex (NASDAQ:MCHX - Get Free Report) last posted its earnings results on Wednesday, August 12th. The technology company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.03). The firm had revenue of $11.00 million for the quarter, compared to analyst estimates of $11.20 million. Marchex had a negative return on equity of 18.25% and a negative net margin of 12.44%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Kanen Wealth Management LLC lifted its stake in Marchex by 4.1% in 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 buying an additional 50,989 shares during the last quarter. Acuitas Investments LLC purchased a new position in shares of Marchex during the first quarter worth approximately $207,000. Manatuck Hill Partners LLC acquired a new position in shares of Marchex in the 2nd quarter valued at $88,000. Jane Street Group LLC acquired a new position in shares of Marchex in the 1st quarter valued at $30,000. Finally, XTX Topco Ltd purchased a new stake in Marchex in the 4th quarter valued at $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.

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