Locafy (NASDAQ:LCFY) Releases Quarterly Earnings Results

Locafy (NASDAQ:LCFY) announced its quarterly earnings results on Friday. The company reported ($0.28) earnings per share (EPS) for the quarter, Zacks reports.

Locafy Trading Down 1.2%

Locafy stock traded down $0.05 during trading hours on Friday, hitting $3.69. 3,192 shares of the stock traded hands, compared to its average volume of 379,734. The firm’s 50-day moving average price is $4.09 and its two-hundred day moving average price is $3.92. The company has a market cap of $6.65 million, a PE ratio of -3.55 and a beta of 1.61. Locafy has a one year low of $2.50 and a one year high of $13.98.

Insider Activity

In other news, COO Jason Dale Jackson bought 9,285 shares of the stock in a transaction dated Thursday, April 2nd. The stock was bought at an average price of $4.20 per share, for a total transaction of $38,997.00. Following the purchase, the chief operating officer directly owned 11,050 shares in the company, valued at $46,410. This trade represents a 526.06% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 28.70% of the company’s stock.

About Locafy

Locafy (NASDAQ:LCFY) is a technology company that offers a cloud-based software platform designed to streamline and automate local search marketing for multi-location businesses. Through its SaaS solution, Locafy enables brands to create, manage and optimize location-specific web pages and digital assets at scale, ensuring consistent and accurate information across search engines and online directories.

The Locafy platform leverages machine learning and automation to generate on-page SEO content, manage business listings and track local search performance.