Local.com Now Covered by Analysts at Merriman Capital (LOCM)
Equities research analysts at Merriman Capital assumed coverage on shares of Local.com (NASDAQ:LOCM) in a research note issued to investors on Monday, Analyst Ratings.Net reports. The firm set a “buy” rating on the stock.
Local.com (NASDAQ:LOCM) opened at 1.97 on Monday. Local.com has a 52 week low of $1.43 and a 52 week high of $3.00. The stock’s 50-day moving average is $1.7 and its 200-day moving average is $1.67. The company’s market cap is $45.1 million.
Local.com (NASDAQ:LOCM) last announced its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.13. The company had revenue of $22.66 million for the quarter, compared to the consensus estimate of $23.35 million. During the same quarter in the previous year, the company posted ($0.42) earnings per share. Analysts expect that Local.com will post $-0.35 EPS for the current fiscal year.
Local.com Corporation operates a local search Website, Local.com, with over 15 million monthly visitors, a private label local syndication network of approximately 750 United States regional media sites, a local distribution network for its advertising feeds, and a sales and advertiser services operation for approximately 50,000 direct monthly subscribers.
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