Marchex (NASDAQ:MCHX) Issues Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Marchex (NASDAQ:MCHX) posted its earnings results on Wednesday. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03), Zacks reports. Marchex had a negative net margin of 11.15% and a negative return on equity of 14.61%.

Marchex Trading Up 0.6%

MCHX traded up $0.01 during midday trading on Wednesday, reaching $1.75. The company’s stock had a trading volume of 5,431 shares, compared to its average volume of 19,243. The company has a fifty day simple moving average of $1.67 and a 200 day simple moving average of $1.61. The stock has a market cap of $77.53 million, a P/E ratio of -15.91 and a beta of 1.90. Marchex has a twelve month low of $1.32 and a twelve month high of $2.09.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Marchex

Hedge funds have recently modified their holdings of the business. XTX Topco Ltd bought a new position in Marchex during the fourth quarter worth $26,000. Jane Street Group LLC bought a new stake in Marchex in the 1st quarter valued at $30,000. Manatuck Hill Partners LLC bought a new stake in Marchex in the 2nd quarter valued at $88,000. Finally, Kanen Wealth Management LLC acquired a new stake in Marchex in the 1st quarter worth $813,000. 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.