LivePerson (LPSN) Getting Somewhat Favorable Press Coverage, Study Shows
Headlines about LivePerson (NASDAQ:LPSN) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. LivePerson earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 44.2630118058678 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
LivePerson (LPSN) traded down 0.192% on Monday, hitting $13.025. The stock had a trading volume of 105,221 shares. The company has a 50-day moving average price of $11.69 and a 200-day moving average price of $8.76. LivePerson has a 52 week low of $5.43 and a 52 week high of $14.05. The stock’s market capitalization is $767.17 million.
LivePerson (NASDAQ:LPSN) last issued its earnings results on Wednesday, July 26th. The technology company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The firm had revenue of $54.10 million during the quarter, compared to analyst estimates of $51.33 million. LivePerson had a negative net margin of 13.29% and a negative return on equity of 8.71%. The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) earnings per share. Equities research analysts anticipate that LivePerson will post $0.10 earnings per share for the current fiscal year.
A number of research firms have issued reports on LPSN. Northland Securities set a $14.00 target price on LivePerson and gave the company a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research cut LivePerson from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Benchmark Co. upped their price objective on LivePerson from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, May 12th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of LivePerson in a research report on Thursday, May 11th. Finally, Craig Hallum raised LivePerson from a “hold” rating to a “buy” rating and upped their price objective for the stock from $8.60 to $8.85 in a research report on Thursday, May 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $12.14.
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In other news, EVP Dustin Dean sold 47,292 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $9.83, for a total value of $464,880.36. Following the completion of the sale, the executive vice president now directly owns 8,700 shares in the company, valued at approximately $85,521. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert P. Locascio sold 2,892 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $11.45, for a total value of $33,113.40. Following the completion of the sale, the chief executive officer now owns 79,007 shares of the company’s stock, valued at $904,630.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,475 shares of company stock valued at $1,721,430. 11.70% of the stock is currently owned by company insiders.
LivePerson, Inc (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.
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