Locafy (NASDAQ:LCFY) Posts Quarterly Earnings Results

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

Locafy Stock Performance

Locafy stock traded down $0.04 during trading hours on Friday, reaching $3.69. 4,432 shares of the stock were exchanged, compared to its average volume of 379,734. The stock has a market cap of $6.65 million, a P/E ratio of -3.55 and a beta of 1.61. Locafy has a 52-week low of $2.50 and a 52-week high of $13.98. The firm’s 50 day moving average is $4.09 and its 200 day moving average is $3.92.

Insider Activity at Locafy

In other Locafy news, COO Jason Dale Jackson bought 9,285 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief operating officer owned 11,050 shares in the company, valued at approximately $46,410. The trade was a 526.06% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 28.70% of the stock is owned by company insiders.

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.