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

Marchex (NASDAQ:MCHX) announced its quarterly earnings results on Wednesday. The technology company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03), FiscalAI reports. The business had revenue of $10.85 million during the quarter, compared to analysts’ expectations of $10.97 million. Marchex had a negative net margin of 10.38% and a negative return on equity of 13.57%.

Marchex Trading Up 4.2%

NASDAQ:MCHX traded up $0.06 during trading hours on Wednesday, hitting $1.49. 6,749 shares of the stock were exchanged, compared to its average volume of 17,247. The firm’s fifty day moving average price is $1.56 and its 200 day moving average price is $1.67. Marchex has a 52-week low of $1.26 and a 52-week high of $2.31. The company has a market cap of $65.83 million, a P/E ratio of -13.55 and a beta of 2.05.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Kanen Wealth Management LLC grew its holdings in shares of Marchex by 10.9% during the fourth quarter. Kanen Wealth Management LLC now owns 1,249,399 shares of the technology company’s stock worth $2,099,000 after buying an additional 123,011 shares in the last quarter. XTX Topco Ltd purchased a new stake in Marchex during the 4th quarter valued at about $26,000. Manatuck Hill Partners LLC acquired a new stake in Marchex in the 2nd quarter valued at about $88,000. Finally, Jane Street Group LLC purchased a new position in Marchex in the 1st quarter worth approximately $30,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MCHX. Zacks Research upgraded Marchex from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Marchex in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Marchex has an average rating of “Reduce”.

Marchex Company Profile

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.