Shares of LivePerson, Inc. (NASDAQ:LPSN) have received a consensus recommendation of “Buy” from the ten analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $25.50.

Several research analysts have weighed in on the company. BidaskClub upgraded LivePerson from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 21st. B. Riley boosted their price target on LivePerson from $19.25 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Needham & Company LLC boosted their price target on LivePerson from $20.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Roth Capital boosted their price target on LivePerson to $31.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Finally, Zacks Investment Research downgraded LivePerson from a “buy” rating to a “hold” rating in a report on Friday, June 29th.

LPSN stock traded down $0.90 on Friday, reaching $25.70. The company had a trading volume of 667,728 shares, compared to its average volume of 370,448. LivePerson has a 1 year low of $10.80 and a 1 year high of $27.40. The firm has a market cap of $1.60 billion, a P/E ratio of -428.33 and a beta of 1.10.

LivePerson (NASDAQ:LPSN) last posted its earnings results on Wednesday, August 1st. The technology company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. LivePerson had a negative return on equity of 3.34% and a negative net margin of 7.06%. The firm had revenue of $61.66 million for the quarter, compared to analyst estimates of $59.46 million. During the same quarter in the prior year, the company earned $0.01 EPS. LivePerson’s revenue was up 14.0% on a year-over-year basis. analysts anticipate that LivePerson will post -0.08 EPS for the current year.

In other news, SVP Daryl Carlough sold 10,000 shares of the company’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $24.01, for a total transaction of $240,100.00. Following the completion of the sale, the senior vice president now directly owns 23,154 shares in the company, valued at approximately $555,927.54. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert P. Locascio sold 2,567 shares of the company’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $26.55, for a total value of $68,153.85. Following the sale, the chief executive officer now owns 316,239 shares of the company’s stock, valued at $8,396,145.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,624 shares of company stock valued at $566,860. Insiders own 11.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in shares of LivePerson during the 2nd quarter worth $108,000. Bank of Montreal Can acquired a new stake in shares of LivePerson during the 2nd quarter worth $139,000. Tower Research Capital LLC TRC acquired a new stake in shares of LivePerson during the 2nd quarter worth $156,000. SG Americas Securities LLC acquired a new stake in shares of LivePerson during the 2nd quarter worth $165,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of LivePerson during the 2nd quarter worth $200,000. Institutional investors and hedge funds own 78.84% of the company’s stock.

About LivePerson

LivePerson, Inc engages in the provision of mobile and online messaging solutions. It operates through Business and Consumer segments. The Business segment enables brands to leverage intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.

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Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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