ReachLocal Insider Unloads $50,000 in Stock (RLOC)
ReachLocal (NASDAQ:RLOC) Insider Adam Wergeles sold 4,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $12.50, for a total value of $50,000.00. Following the completion of the sale, the insider now directly owns 22,507 shares in the company, valued at approximately $281,338. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of ReachLocal (NASDAQ:RLOC) traded up 2.57% during mid-day trading on Thursday, hitting $12.38. 83,448 shares of the company’s stock traded hands. ReachLocal has a one year low of $9.99 and a one year high of $17.39. The stock has a 50-day moving average of $11.73 and a 200-day moving average of $13.42. The company’s market cap is $347.3 million.
ReachLocal (NASDAQ:RLOC) last released its earnings data on Tuesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. The company had revenue of $127.10 million for the quarter, compared to the consensus estimate of $125.05 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts predict that ReachLocal will post $0.02 earnings per share for the current fiscal year.
ReachLocal, Inc (NASDAQ:RLOC) offers online marketing and reporting solutions, including search engine marketing, display advertising, remarketing and online marketing analytics, each targeted to the small and medium-sized businesses (SMB) market.
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