Northland Securities reaffirmed their buy rating on shares of LivePerson, Inc. (NASDAQ:LPSN) in a research note published on Tuesday morning. The firm currently has a $14.00 price objective on the technology company’s stock.

A number of other research firms have also weighed in on LPSN. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of LivePerson in a research note on Thursday, May 11th. Craig Hallum raised shares of LivePerson from a hold rating to a buy rating and upped their price objective for the stock from $8.60 to $8.85 in a research note on Thursday, May 11th. Benchmark Co. upped their price objective on shares of LivePerson from $10.00 to $13.00 and gave the stock a buy rating in a research note on Friday, May 12th. Zacks Investment Research lowered shares of LivePerson from a buy rating to a hold rating in a research note on Thursday, June 8th. Finally, TheStreet raised shares of LivePerson from a d+ rating to a c rating in a research note on Friday, May 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. LivePerson has an average rating of Buy and a consensus price target of $11.81.

Shares of LivePerson (NASDAQ:LPSN) traded down 3.70% on Tuesday, reaching $13.00. 681,650 shares of the company’s stock traded hands. The firm’s market cap is $727.40 million. LivePerson has a 12-month low of $5.43 and a 12-month high of $14.05. The stock has a 50-day moving average of $11.57 and a 200 day moving average of $8.65.

LivePerson (NASDAQ:LPSN) last released 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 return on equity of 8.71% and a negative net margin of 13.29%. The business had revenue of $54.10 million during the quarter, compared to analysts’ expectations of $51.33 million. During the same period last year, the company earned ($0.04) earnings per share. The firm’s revenue was down 4.6% compared to the same quarter last year. On average, equities research analysts expect that LivePerson will post $0.10 earnings per share for the current year.

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In other LivePerson news, Director David Vaskevitch sold 48,600 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $11.35, for a total value of $551,610.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $227,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dustin Dean sold 47,292 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $9.83, for a total transaction of $464,880.36. Following the completion of the transaction, the executive vice president now owns 8,700 shares of the company’s stock, valued at $85,521. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 157,475 shares of company stock valued at $1,721,430. 11.40% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. RGM Capital LLC increased its position in shares of LivePerson by 4.6% in the first quarter. RGM Capital LLC now owns 4,926,756 shares of the technology company’s stock worth $33,748,000 after buying an additional 216,054 shares in the last quarter. Vanguard Group Inc. increased its position in shares of LivePerson by 5.8% in the first quarter. Vanguard Group Inc. now owns 4,726,285 shares of the technology company’s stock worth $32,374,000 after buying an additional 257,516 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of LivePerson by 3.0% in the first quarter. Renaissance Technologies LLC now owns 1,769,800 shares of the technology company’s stock worth $12,123,000 after buying an additional 51,700 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in shares of LivePerson by 136.6% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,174,111 shares of the technology company’s stock worth $8,043,000 after buying an additional 677,792 shares in the last quarter. Finally, State Street Corp increased its position in shares of LivePerson by 8.5% in the fourth quarter. State Street Corp now owns 1,156,840 shares of the technology company’s stock worth $8,737,000 after buying an additional 90,589 shares in the last quarter. Institutional investors and hedge funds own 72.88% of the company’s stock.

About LivePerson

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.

Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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