LivePerson, Inc. (NASDAQ:LPSN) Receives $3.08 Consensus Target Price from Analysts

Shares of LivePerson, Inc. (NASDAQ:LPSN) have received an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $2.58.

A number of equities research analysts have weighed in on LPSN shares. Barclays lowered their price objective on LivePerson from $3.50 to $1.50 and set an “underweight” rating on the stock in a report on Thursday, February 29th. Roth Mkm lowered LivePerson from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $6.00 to $2.00 in a report on Thursday, February 29th. Loop Capital decreased their price target on LivePerson from $3.00 to $1.00 and set a “hold” rating on the stock in a research note on Tuesday. B. Riley decreased their price target on LivePerson from $3.75 to $2.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Finally, Mizuho decreased their price target on LivePerson from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th.

Insider Transactions at LivePerson

In other LivePerson news, Director William Wesemann purchased 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average cost of $1.00 per share, with a total value of $100,000.00. Following the transaction, the director now owns 374,835 shares in the company, valued at $374,835. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director William Wesemann acquired 100,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was bought at an average cost of $1.00 per share, with a total value of $100,000.00. Following the transaction, the director now directly owns 374,835 shares in the company, valued at approximately $374,835. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alex Kroman sold 65,828 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $0.51, for a total transaction of $33,572.28. Following the completion of the transaction, the executive vice president now directly owns 120,047 shares of the company’s stock, valued at $61,223.97. The disclosure for this sale can be found here. Insiders sold a total of 73,662 shares of company stock worth $40,411 in the last ninety days. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On LivePerson

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC boosted its position in LivePerson by 12.1% in the 3rd quarter. Barclays PLC now owns 93,084 shares of the technology company’s stock valued at $362,000 after buying an additional 10,027 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of LivePerson by 77.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,737,186 shares of the technology company’s stock worth $6,758,000 after purchasing an additional 755,945 shares during the last quarter. Knights of Columbus Asset Advisors LLC lifted its position in shares of LivePerson by 100.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 59,914 shares of the technology company’s stock worth $227,000 after purchasing an additional 29,957 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of LivePerson by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 237,258 shares of the technology company’s stock worth $923,000 after purchasing an additional 5,151 shares during the last quarter. Finally, Dark Forest Capital Management LP lifted its position in shares of LivePerson by 13.4% during the third quarter. Dark Forest Capital Management LP now owns 152,112 shares of the technology company’s stock worth $592,000 after purchasing an additional 18,030 shares during the last quarter. 79.83% of the stock is owned by hedge funds and other institutional investors.

LivePerson Stock Performance

Shares of LPSN stock opened at $0.50 on Friday. LivePerson has a 52-week low of $0.45 and a 52-week high of $6.41. The stock’s 50-day moving average price is $1.26 and its 200 day moving average price is $2.43. The stock has a market capitalization of $43.62 million, a PE ratio of -0.39 and a beta of 1.50. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 10.63.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.06). LivePerson had a negative net margin of 24.99% and a negative return on equity of 47.71%. The business had revenue of $95.47 million during the quarter, compared to analysts’ expectations of $95.54 million. As a group, equities research analysts forecast that LivePerson will post -0.68 EPS for the current year.

About LivePerson

LivePerson, Inc engages in conversational artificial intelligence. It enables brands to leverage the Conversational Cloud's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The company offers the Conversational Cloud, an enterprise-class digital customer conversation platform, which enables businesses and consumers to connect through conversational channels, such as voice, in-app, and mobile messaging.