LivePerson, Inc. (LPSN) Receives Average Recommendation of “Buy” from Analysts
LivePerson, Inc. (NASDAQ:LPSN) has received an average rating of “Buy” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $11.57.
A number of equities research analysts have recently weighed in on LPSN shares. Roth Capital lifted their price objective on LivePerson from $10.00 to $15.00 in a research note on Tuesday, June 20th. Northland Securities set a $14.00 price objective on LivePerson and gave the company a “buy” rating in a research note on Saturday, June 24th. Benchmark Co. lifted their price objective on LivePerson from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research raised LivePerson from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Friday, June 9th. Finally, Craig Hallum raised LivePerson from a “hold” rating to a “buy” rating and boosted their target price for the stock from $8.60 to $8.85 in a research note on Thursday, May 11th.
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In other LivePerson news, CFO Daniel Richard Murphy sold 2,628 shares of LivePerson stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $11.45, for a total transaction of $30,090.60. Following the completion of the sale, the chief financial officer now directly owns 86,978 shares of the company’s stock, valued at approximately $995,898.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Vaskevitch sold 37,135 shares of LivePerson stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $11.40, for a total value of $423,339.00. Following the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $228,000. The disclosure for this sale can be found here. Insiders have sold a total of 110,183 shares of company stock valued at $1,256,549 over the last ninety days. 11.40% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the company. Highbridge Capital Management LLC acquired a new stake in shares of LivePerson during the fourth quarter worth about $147,000. Louisiana State Employees Retirement System increased its stake in shares of LivePerson by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 21,700 shares of the technology company’s stock worth $149,000 after buying an additional 300 shares during the period. Eqis Capital Management Inc. increased its stake in shares of LivePerson by 1.7% in the first quarter. Eqis Capital Management Inc. now owns 14,715 shares of the technology company’s stock worth $101,000 after buying an additional 243 shares during the period. Bank of New York Mellon Corp increased its stake in shares of LivePerson by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 711,533 shares of the technology company’s stock worth $4,874,000 after buying an additional 21,592 shares during the period. Finally, Comerica Bank increased its stake in shares of LivePerson by 3.7% in the first quarter. Comerica Bank now owns 58,893 shares of the technology company’s stock worth $422,000 after buying an additional 2,104 shares during the period. 74.27% of the stock is owned by institutional investors.
LivePerson (LPSN) traded up 0.78% during trading on Friday, hitting $12.95. The stock had a trading volume of 325,782 shares. The firm has a 50 day moving average of $12.26 and a 200-day moving average of $9.23. LivePerson has a one year low of $5.43 and a one year high of $14.05. The company’s market cap is $762.76 million.
LivePerson (NASDAQ:LPSN) last issued its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. LivePerson had a negative net margin of 13.29% and a negative return on equity of 8.71%. The firm had revenue of $54.10 million during the quarter, compared to analyst estimates of $51.33 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. Equities analysts anticipate that LivePerson will post $0.10 earnings per share for the current fiscal year.
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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