Marchex (NASDAQ:MCHX) Share Price Passes Above 200-Day Moving Average – Should You Sell?
by Amy Steele · The Cerbat GemMarchex, Inc. (NASDAQ:MCHX – Get Free Report)’s stock price crossed 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 traded.
Analysts Set New Price Targets
A number of research analysts recently issued reports on MCHX shares. Zacks Research upgraded Marchex from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Marchex in a research report on Tuesday. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.
Read Our Latest Stock Analysis on Marchex
Marchex Stock Performance
The business has a 50-day simple moving average of $1.52 and a two-hundred day simple moving average of $1.63. The company has a market capitalization of $76.40 million, a price-to-earnings ratio of -14.50 and a beta of 1.99.
Marchex (NASDAQ:MCHX – Get Free Report) last posted its quarterly earnings data on Wednesday, March 25th. The technology company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The company had revenue of $10.85 million for the quarter, compared to analyst estimates of $10.97 million. Marchex had a negative return on equity of 15.14% and a negative net margin of 11.53%. Research analysts predict that Marchex, Inc. will post -0.03 EPS for the current fiscal year.
Institutional Trading of Marchex
Several hedge funds have recently modified their holdings of MCHX. XTX Topco Ltd acquired a new stake in shares of Marchex in the 4th quarter valued at approximately $26,000. Jane Street Group LLC acquired a new stake in shares of Marchex in the 1st quarter valued at approximately $30,000. Manatuck Hill Partners LLC acquired a new stake in shares of Marchex in the 2nd quarter valued at approximately $88,000. Marathon Capital Management lifted its holdings in shares of Marchex by 13.9% in the 3rd quarter. Marathon Capital Management now owns 61,500 shares of the technology company’s stock valued at $110,000 after buying an additional 7,500 shares during the period. Finally, Kanen Wealth Management LLC acquired a new stake in shares of Marchex in the 1st quarter valued at approximately $813,000. 73.46% of the stock is owned by institutional investors and hedge funds.
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.