Marchex (NASDAQ:MCHX) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Marchex, Inc. (NASDAQ:MCHX) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.60 and traded as high as $1.8053. Marchex shares last traded at $1.71, with a volume of 3,638 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Marchex in a report on Tuesday, April 21st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Marchex Price Performance

The business’s 50 day moving average is $1.61 and its two-hundred day moving average is $1.60. The firm has a market capitalization of $75.75 million, a PE ratio of -15.55 and a beta of 1.89.

Marchex (NASDAQ:MCHX) last announced its 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). Marchex had a negative net margin of 11.15% and a negative return on equity of 14.61%. The company had revenue of $10.62 million for the quarter, compared to the consensus estimate of $10.89 million. Analysts expect that Marchex, Inc. will post 0.01 EPS for the current fiscal year.

Institutional Trading of Marchex

A number of hedge funds have recently made changes to their positions in MCHX. Marathon Capital Management grew its position in Marchex by 13.9% in the third quarter. Marathon Capital Management now owns 61,500 shares of the technology company’s stock worth $110,000 after acquiring an additional 7,500 shares in the last quarter. XTX Topco Ltd purchased a new stake in Marchex during the fourth quarter valued at about $26,000. Jane Street Group LLC bought a new stake in Marchex during the first quarter worth about $30,000. Manatuck Hill Partners LLC bought a new stake in Marchex during the second quarter worth about $88,000. Finally, Kanen Wealth Management LLC boosted its holdings in shares of Marchex by 4.1% in the 1st quarter. Kanen Wealth Management LLC now owns 1,300,388 shares of the technology company’s stock worth $2,016,000 after purchasing an additional 50,989 shares in the last quarter. 73.46% of the stock is owned by institutional investors.

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.