LivePerson Inc. (LPSN) Shares Down 1.2%
LivePerson Inc. (NASDAQ:LPSN) fell 1.2% during mid-day trading on Thursday . The stock traded as low as $7.48 and last traded at $7.52, with a volume of 70,613 shares changing hands. The stock had previously closed at $7.61.
Several brokerages recently issued reports on LPSN. Zacks Investment Research upgraded shares of LivePerson from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research note on Wednesday, July 13th. Benchmark Co. upgraded shares of LivePerson from a “hold” rating to a “buy” rating and raised their price objective for the stock from $6.00 to $9.00 in a research report on Thursday, July 7th. Finally, Roth Capital upgraded shares of LivePerson from a “neutral” rating to a “buy” rating and set a $10.00 price objective 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 issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.25.
The company has a 50-day moving average of $7.18 and a 200 day moving average of $6.23. The firm’s market cap is $432.76 million.
LivePerson (NASDAQ:LPSN) last posted its earnings results on Wednesday, July 27th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.03. The firm had revenue of $56.70 million for the quarter, compared to the consensus estimate of $56.70 million. During the same period in the previous year, the firm posted $0.02 earnings per share. LivePerson’s quarterly revenue was down 4.4% compared to the same quarter last year. Equities analysts predict that LivePerson Inc. will post ($0.05) EPS for the current fiscal 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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