LivePerson Inc. (LPSN) Trading Up 13.4%
LivePerson Inc. (NASDAQ:LPSN) shares were up 13.4% during mid-day trading on Thursday . The company traded as high as $7.30 and last traded at $7.10, with a volume of 425,893 shares changing hands. The stock had previously closed at $6.26.
A number of research analysts recently issued reports on the company. Roth Capital raised LivePerson from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a report on Thursday, May 5th. Zacks Investment Research cut LivePerson from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. Finally, Benchmark Co. raised LivePerson from a “hold” rating to a “buy” rating and lifted their price target for the company from $6.00 to $9.00 in a report on Thursday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $8.95.
The company has a 50 day moving average price of $6.71 and a 200 day moving average price of $6.02. The stock’s market capitalization is $404.31 million.
LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.05) earnings per share for the quarter. The company earned $55.50 million during the quarter, compared to analyst estimates of $55.45 million. During the same period in the prior year, the company posted $0.04 EPS. The firm’s revenue was down 7.1% compared to the same quarter last year. Equities research analysts anticipate that LivePerson Inc. will post $0.08 EPS for the current year.
A hedge fund recently raised its stake in LivePerson stock. Principal Financial Group Inc. raised its stake in LivePerson Inc. (NASDAQ:LPSN) by 8.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 334,611 shares of the company’s stock after buying an additional 25,279 shares during the period. Principal Financial Group Inc. owned approximately 0.58% of LivePerson worth $2,259,000 at the end of the most recent quarter.
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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