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

Marchex (NASDAQ:MCHX) issued its quarterly earnings results on Wednesday. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate 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%

NASDAQ MCHX traded up $0.01 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 firm has a market cap of $77.53 million, a PE ratio of -15.91 and a beta of 1.90. The business has a 50-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 Investors Weigh In On Marchex

Institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new stake in Marchex during the fourth quarter valued at approximately $26,000. Jane Street Group LLC bought a new position in shares of Marchex during the 1st quarter worth approximately $30,000. Manatuck Hill Partners LLC bought a new position in shares of Marchex during the 2nd quarter worth approximately $88,000. Finally, Kanen Wealth Management LLC acquired a new stake in Marchex in the 1st quarter valued at $813,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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