LivePerson (LPSN) Given Coverage Optimism Rating of 0.05
Press coverage about LivePerson (NASDAQ:LPSN) has been trending somewhat positive on Friday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. LivePerson earned a news impact score of 0.05 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 44.8894526581647 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
LivePerson (NASDAQ LPSN) opened at 14.70 on Friday. LivePerson has a 1-year low of $5.43 and a 1-year high of $14.85. The stock has a 50 day moving average price of $13.48 and a 200-day moving average price of $10.77. The stock’s market cap is $865.83 million.
LivePerson (NASDAQ:LPSN) last announced its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $54.10 million during the quarter, compared to analysts’ expectations of $51.33 million. LivePerson had a negative net margin of 13.29% and a negative return on equity of 8.71%. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.04) EPS. On average, equities analysts expect that LivePerson will post $0.10 EPS for the current year.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut LivePerson from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Northland Securities set a $14.00 price objective on LivePerson and gave the stock a “buy” rating in a report on Saturday, June 24th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of LivePerson in a report on Wednesday, August 9th. Benchmark Co. increased their price objective on LivePerson from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, June 15th. Finally, Needham & Company LLC assumed coverage on LivePerson in a report on Thursday, September 21st. They issued a “buy” rating and a $16.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. LivePerson currently has a consensus rating of “Buy” and a consensus target price of $12.84.
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In related news, CEO Robert P. Locascio sold 2,572 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $13.66, for a total value of $35,133.52. Following the completion of the sale, the chief executive officer now owns 76,435 shares in the company, valued at $1,044,102.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel Richard Murphy sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $13.71, for a total value of $31,533.00. Following the completion of the sale, the chief financial officer now owns 84,678 shares of the company’s stock, valued at approximately $1,160,935.38. The disclosure for this sale can be found here. Insiders sold 162,774 shares of company stock valued at $1,963,593 in the last quarter. 11.40% of the stock is owned by company insiders.
LivePerson Company Profile
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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