Marchex (NASDAQ:MCHX) Issues Quarterly Earnings Results

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

Marchex Stock Performance

Shares of NASDAQ MCHX traded up $0.01 during mid-day trading on Wednesday, hitting $1.75. 6,081 shares of the stock traded hands, compared to its average volume of 19,243. The company has a market cap of $77.53 million, a price-to-earnings ratio of -15.91 and a beta of 1.90. The stock has a fifty day moving average price of $1.67 and a 200-day moving average price of $1.61. Marchex has a 52 week low of $1.32 and a 52 week high of $2.09.

Institutional Trading of Marchex

Hedge funds have recently modified their holdings of the business. XTX Topco Ltd purchased a new stake in shares of Marchex in the 4th quarter worth about $26,000. Jane Street Group LLC purchased a new position in Marchex during the 1st quarter valued at about $30,000. Manatuck Hill Partners LLC purchased a new position in Marchex during the 2nd quarter valued at about $88,000. Finally, Kanen Wealth Management LLC bought a new stake in Marchex during the first quarter worth about $813,000. Institutional investors own 73.46% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Marchex in a research report 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 MarketBeat.com, Marchex presently has an average rating of “Reduce”.

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.