LivePerson, Inc. (LPSN) Given Average Rating of “Buy” by Analysts
Shares of LivePerson, Inc. (NASDAQ:LPSN) have earned an average rating of “Buy” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $15.26.
A number of analysts recently issued reports on the company. Zacks Investment Research lowered LivePerson from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. B. Riley assumed coverage on LivePerson in a research note on Thursday, December 14th. They set a “buy” rating and a $16.50 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price objective on shares of LivePerson in a research note on Wednesday, November 1st. Ladenburg Thalmann Financial Services reiterated a “buy” rating and set a $17.50 price objective (up from $15.00) on shares of LivePerson in a research note on Tuesday, October 10th. Finally, Benchmark boosted their price objective on LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, October 10th.
Shares of LivePerson (LPSN) traded up $0.30 during midday trading on Tuesday, hitting $12.55. The stock had a trading volume of 454,500 shares, compared to its average volume of 363,056. LivePerson has a 1 year low of $5.43 and a 1 year high of $15.10. The stock has a market cap of $747.03, a PE ratio of -29.88 and a beta of 1.19.
LivePerson (NASDAQ:LPSN) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. LivePerson had a negative return on equity of 4.41% and a negative net margin of 11.07%. The firm had revenue of $54.49 million for the quarter, compared to analysts’ expectations of $54.55 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. equities analysts predict that LivePerson will post -0.02 earnings per share for the current year.
In other LivePerson news, CFO Daniel Richard Murphy sold 2,493 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $11.45, for a total value of $28,544.85. Following the transaction, the chief financial officer now directly owns 82,185 shares in the company, valued at approximately $941,018.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert P. Locascio sold 2,779 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $11.45, for a total value of $31,819.55. Following the completion of the transaction, the chief executive officer now owns 73,656 shares in the company, valued at $843,361.20. The disclosure for this sale can be found here. Insiders sold a total of 7,440 shares of company stock worth $85,188 over the last 90 days. Corporate insiders own 11.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new position in shares of LivePerson during the 2nd quarter valued at about $128,000. BlueCrest Capital Management Ltd bought a new position in shares of LivePerson during the 2nd quarter valued at about $131,000. Public Employees Retirement System of Ohio bought a new position in shares of LivePerson during the 3rd quarter valued at about $177,000. BNP Paribas Arbitrage SA increased its position in shares of LivePerson by 53.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 16,894 shares of the technology company’s stock valued at $186,000 after purchasing an additional 5,876 shares during the last quarter. Finally, Advisor Group Inc. bought a new position in shares of LivePerson during the 3rd quarter valued at about $189,000. Hedge funds and other institutional investors 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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