LivePerson Inc. (LPSN) Trading Up 3%
Shares of LivePerson Inc. (NASDAQ:LPSN) were up 3% during trading on Wednesday . The company traded as high as $7.53 and last traded at $7.51, with a volume of 118,360 shares traded. The stock had previously closed at $7.29.
A number of analysts have commented on LPSN shares. Benchmark Co. upgraded LivePerson from a “hold” rating to a “buy” rating and upped their price target for the stock from $6.00 to $9.00 in a research report on Thursday, July 7th. Zacks Investment Research upgraded LivePerson from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research report on Tuesday, April 12th. Finally, Roth Capital upgraded LivePerson from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $9.25.
The firm’s market capitalization is $435.07 million. The firm has a 50-day moving average price of $6.98 and a 200-day moving average price of $6.14.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.03. The firm earned $56.70 million during the quarter, compared to analysts’ expectations of $56.70 million. LivePerson’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.02 earnings per share. On average, equities research analysts forecast that LivePerson Inc. will post ($0.05) EPS for the current year.
LivePerson, Inc (Liveperson) is a provider of digital engagement solutions offering a cloud-based platform. The Company’s platform enables businesses to connect with consumers through chat, voice, and content delivery, across multiple channels and screens, including Websites, social media, tablets and mobile devices.
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