LivePerson Inc. (LPSN) Shares Up 13.4%
LivePerson Inc. (NASDAQ:LPSN) shot up 13.4% during trading on Thursday . The company traded as high as $7.30 and last traded at $7.10, with a volume of 425,893 shares trading hands. The stock had previously closed at $6.26.
A number of brokerages have commented on LPSN. Benchmark Co. increased their target price on LivePerson from $5.00 to $6.00 and gave the company a “hold” rating in a report on Thursday, May 5th. Zacks Investment Research cut LivePerson from a “buy” rating to a “hold” rating in a report on Thursday, April 21st. Finally, Roth Capital upgraded LivePerson from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Thursday, May 5th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $8.95.
The stock’s market cap is $407.75 million. The firm’s 50-day moving average price is $6.76 and its 200 day moving average price is $6.02.
LivePerson (NASDAQ:LPSN) last announced its earnings results on Wednesday, May 4th. The company reported ($0.05) EPS for the quarter. The company earned $55.50 million during the quarter, compared to analysts’ expectations of $55.45 million. LivePerson’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 earnings per share. On average, equities analysts forecast that LivePerson Inc. will post $0.08 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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