ReachLocal Inc. (RLOC) Hits New 52-Week High at $4.59
ReachLocal Inc. (NASDAQ:RLOC) reached a new 52-week high on Tuesday . The stock traded as high as $4.59 and last traded at $4.59, with a volume of 74,868 shares trading hands. The stock had previously closed at $4.57.
Separately, Piper Jaffray Cos. reiterated a “hold” rating and issued a $2.60 target price on shares of ReachLocal in a research note on Thursday, June 2nd.
The firm’s 50 day moving average is $3.02 and its 200-day moving average is $2.08. The company’s market capitalization is $138.06 million.
ReachLocal (NASDAQ:RLOC) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.09. During the same period in the prior year, the firm posted ($0.35) earnings per share. The company earned $78.70 million during the quarter, compared to the consensus estimate of $77.70 million. The company’s revenue was down 21.0% compared to the same quarter last year. On average, equities analysts forecast that ReachLocal Inc. will post ($0.51) EPS for the current year.
ReachLocal, Inc (ReachLocal) offers a technology suite of online marketing and reporting solutions designed to deliver efficacy and insight to its clients. The Company’s total digital marketing solution consists of products and solutions in three categories: software (ReachEdge and Kickserv), digital advertising (including ReachSearch, ReachDisplay and ReachRetargeting), and Web presence (including ReachSite + ReachEdge, ReachSEO, ReachCast and TotalLiveChat).
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