Marchex (NASDAQ:MCHX) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Marchex, Inc. (NASDAQ:MCHX) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.61 and traded as high as $1.90. Marchex shares last traded at $1.90, with a volume of 37,265 shares trading hands.

Wall Street Analysts Forecast Growth

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

Marchex Stock Down 3.2%

The firm has a 50-day moving average of $1.66 and a 200 day moving average of $1.61. The stock has a market capitalization of $80.63 million, a P/E ratio of -16.55 and a beta of 1.90.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings results on Wednesday, May 13th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The business had revenue of $10.62 million during the quarter, compared to the consensus estimate of $10.89 million. Marchex had a negative net margin of 11.15% and a negative return on equity of 14.61%. Analysts predict that Marchex, Inc. will post 0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MCHX. XTX Topco Ltd acquired a new stake in Marchex during the fourth quarter valued at approximately $26,000. Jane Street Group LLC acquired a new position in shares of Marchex in the 1st quarter worth approximately $30,000. Manatuck Hill Partners LLC acquired a new position in shares of Marchex in the 2nd quarter worth approximately $88,000. Acuitas Investments LLC bought a new position in shares of Marchex during the 1st quarter worth approximately $207,000. Finally, Kanen Wealth Management LLC bought a new position in shares of Marchex during the 1st quarter worth approximately $813,000. 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.