Marchex, Inc. (NASDAQ:MCHX) major shareholder Prescott Group Capital Managem sold 1,100,000 shares of Marchex stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $3.10, for a total value of $3,410,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Marchex, Inc. (MCHX) opened at $3.05 on Wednesday. Marchex, Inc. has a 12 month low of $2.46 and a 12 month high of $3.75.

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MCHX has been the topic of a number of recent research reports. ValuEngine raised Marchex from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised Marchex from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a research note on Wednesday, August 9th.

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in shares of Marchex by 2.8% in the first quarter. Bank of America Corp DE now owns 48,573 shares of the technology company’s stock worth $132,000 after acquiring an additional 1,331 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Marchex by 1.8% in the second quarter. PNC Financial Services Group Inc. now owns 203,560 shares of the technology company’s stock worth $606,000 after acquiring an additional 3,560 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Marchex by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 174,205 shares of the technology company’s stock worth $473,000 after acquiring an additional 5,241 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Marchex by 19.2% in the second quarter. Parametric Portfolio Associates LLC now owns 34,889 shares of the technology company’s stock worth $104,000 after acquiring an additional 5,629 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Marchex by 0.9% in the second quarter. Vanguard Group Inc. now owns 1,546,571 shares of the technology company’s stock worth $4,608,000 after acquiring an additional 13,320 shares during the period. 49.47% of the stock is currently owned by institutional investors.

About Marchex

Marchex, Inc is a mobile advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. Its media analytics products can provide actionable intelligence on media channels advertisers use to acquire customers over the phone. Its Marchex Omnichannel Analytics Cloud helps marketers connect customer conversions driven from paid media channels, including search, display and video, social and sites, to phone calls made to a business.

Insider Buying and Selling by Quarter for Marchex (NASDAQ:MCHX)

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