Shares of ReachLocal Inc. (NASDAQ:RLOC) reached a new 52-week high during trading on Monday . The stock traded as high as $4.59 and last traded at $4.58, with a volume of 87,178 shares traded. The stock had previously closed at $4.59.

Separately, Piper Jaffray Cos. restated a “hold” rating and set a $2.60 price target on shares of ReachLocal in a report on Thursday, June 2nd.

The company’s market capitalization is $137.91 million. The company has a 50 day moving average of $3.18 and a 200-day moving average of $2.12.

ReachLocal (NASDAQ:RLOC) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.09. During the same period in the prior year, the business earned ($0.35) EPS. The business had revenue of $78.70 million for the quarter, compared to analyst estimates of $77.70 million. The company’s revenue for the quarter was down 21.0% compared to the same quarter last year. On average, equities analysts anticipate 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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