ReachLocal Inc. (RLOC) Hits New 12-Month High at $4.59
ReachLocal Inc. (NASDAQ:RLOC) reached a new 52-week high during trading on Wednesday . The stock traded as high as $4.59 and last traded at $4.57, with a volume of 137,367 shares traded. The stock had previously closed at $4.56.
Separately, Piper Jaffray Cos. reiterated a “hold” rating and set a $2.60 target price on shares of ReachLocal in a research report on Thursday, June 2nd.
The firm’s market cap is $137.46 million. The company has a 50 day moving average of $2.72 and a 200-day moving average of $1.99.
ReachLocal (NASDAQ:RLOC) last announced 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. The firm had revenue of $78.70 million for the quarter, compared to analysts’ expectations of $77.70 million. The business’s quarterly revenue was down 21.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.35) EPS. Analysts predict that ReachLocal Inc. will post ($0.51) earnings per share 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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