LivePerson, Inc. (LPSN) Expected to Announce Quarterly Sales of $56.60 Million
Brokerages expect that LivePerson, Inc. (NASDAQ:LPSN) will report sales of $56.60 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for LivePerson’s earnings, with the lowest sales estimate coming in at $56.40 million and the highest estimate coming in at $56.96 million. LivePerson posted sales of $56.12 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.9%. The company is expected to issue its next quarterly earnings results on Wednesday, February 14th.
On average, analysts expect that LivePerson will report full-year sales of $56.60 million for the current fiscal year, with estimates ranging from $217.89 million to $218.45 million. For the next year, analysts forecast that the firm will post sales of $233.87 million per share, with estimates ranging from $230.07 million to $236.22 million. Zacks’ sales calculations are an average based on a survey of analysts that follow LivePerson.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $54.49 million for the quarter, compared to analysts’ expectations of $54.55 million. LivePerson had a negative net margin of 11.07% and a negative return on equity of 4.41%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.02) earnings per share.
LPSN has been the topic of several recent analyst reports. Needham & Company LLC initiated coverage on shares of LivePerson in a report on Thursday, September 21st. They issued a “buy” rating and a $16.00 price target on the stock. Benchmark upped their price target on shares of LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, October 10th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and issued a $17.50 price target (up from $15.00) on shares of LivePerson in a report on Tuesday, October 10th. B. Riley initiated coverage on shares of LivePerson in a report on Thursday, December 14th. They issued a “buy” rating and a $16.50 price target on the stock. Finally, Zacks Investment Research cut shares of LivePerson from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $15.23.
LivePerson (LPSN) traded down $0.05 on Wednesday, reaching $12.00. 259,000 shares of the company traded hands, compared to its average volume of 375,383. The firm has a market capitalization of $714.29, a PE ratio of -27.91 and a beta of 1.19. LivePerson has a 1 year low of $5.43 and a 1 year high of $15.10.
In other LivePerson news, CFO Daniel Richard Murphy sold 2,493 shares of the stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $11.45, for a total transaction of $28,544.85. Following the sale, the chief financial officer now directly owns 82,185 shares of the company’s stock, valued at $941,018.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert P. Locascio sold 2,779 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $11.45, for a total transaction of $31,819.55. Following the sale, the chief executive officer now directly owns 73,656 shares in the company, valued at $843,361.20. The disclosure for this sale can be found here. Insiders have sold 7,440 shares of company stock worth $85,188 over the last three months. 11.70% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in LPSN. Gilder Gagnon Howe & Co. LLC grew its position in shares of LivePerson by 49.6% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 2,803,619 shares of the technology company’s stock worth $37,989,000 after acquiring an additional 930,164 shares during the last quarter. Castleark Management LLC bought a new position in shares of LivePerson during the second quarter worth about $4,775,000. EAM Investors LLC bought a new position in shares of LivePerson during the second quarter worth about $4,207,000. Renaissance Technologies LLC grew its position in shares of LivePerson by 18.8% during the second quarter. Renaissance Technologies LLC now owns 2,102,100 shares of the technology company’s stock worth $23,123,000 after acquiring an additional 332,300 shares during the last quarter. Finally, Cortina Asset Management LLC grew its position in shares of LivePerson by 124.7% during the third quarter. Cortina Asset Management LLC now owns 479,793 shares of the technology company’s stock worth $6,501,000 after acquiring an additional 266,293 shares during the last quarter. Institutional investors and hedge funds own 75.79% of the company’s stock.
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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