LivePerson Inc. (LPSN) Trading Up 3%
LivePerson Inc. (NASDAQ:LPSN) was up 3% during mid-day trading on Wednesday . The stock traded as high as $7.53 and last traded at $7.51, with a volume of 118,360 shares trading hands. The stock had previously closed at $7.29.
Several equities research analysts have issued reports on LPSN shares. Roth Capital upgraded shares of LivePerson from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Thursday, May 5th. Zacks Investment Research lowered shares of LivePerson from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Finally, Benchmark Co. upgraded shares of LivePerson from a “hold” rating to a “buy” rating and lifted their target price for the company from $6.00 to $9.00 in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. LivePerson presently has an average rating of “Hold” and an average target price of $9.25.
The company has a 50-day moving average of $7.02 and a 200-day moving average of $6.16. The firm’s market cap is $433.34 million.
LivePerson (NASDAQ:LPSN) last released its earnings results on Wednesday, July 27th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The company had revenue of $56.70 million for the quarter, compared to the consensus estimate of $56.70 million. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.02 earnings per share. On average, 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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