Locafy (NASDAQ:LCFY) Announces Earnings Results

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

Locafy Stock Down 4.3%

Shares of Locafy stock opened at $3.58 on Friday. The business’s fifty day simple moving average is $4.07 and its 200-day simple moving average is $3.91. The firm has a market cap of $6.44 million, a PE ratio of -3.44 and a beta of 1.61. Locafy has a 52 week low of $2.50 and a 52 week high of $13.98.

Insider Activity

In related news, COO Jason Dale Jackson acquired 9,285 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was purchased at an average price of $4.20 per share, with a total value of $38,997.00. Following the transaction, the chief operating officer owned 11,050 shares of the company’s stock, valued at approximately $46,410. This trade represents a 526.06% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 28.70% of the company’s stock.

Locafy Company Profile

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.