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

Shares of Marchex, Inc. (NASDAQ:MCHXGet Free Report) crossed 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 trading hands.

Analysts Set New Price Targets

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

Get Our Latest Stock Analysis on Marchex

Marchex Price Performance

The firm has a market cap of $80.26 million, a P/E ratio of -15.08 and a beta of 1.90. The stock’s 50-day simple moving average is $1.74 and its two-hundred day simple moving average is $1.62.

Marchex (NASDAQ:MCHXGet Free Report) last released its earnings results on Wednesday, August 12th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). Marchex had a negative return on equity of 18.25% and a negative net margin of 12.44%.The firm had revenue of $11.00 million during the quarter, compared to the consensus estimate of $11.20 million.

Hedge Funds Weigh In On Marchex

A number of large investors have recently bought and sold shares of the business. XTX Topco Ltd bought a new position in Marchex in the 4th quarter valued at $26,000. Jane Street Group LLC bought a new stake in shares of Marchex during the first quarter worth $30,000. Manatuck Hill Partners LLC bought a new position in shares of Marchex in the second quarter worth about $88,000. Acuitas Investments LLC bought a new position in shares of Marchex in the first quarter worth about $207,000. Finally, Kanen Wealth Management LLC purchased a new position in Marchex in the 1st quarter worth about $813,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Marchex Company Profile

(Get Free Report)

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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