B. Riley assumed coverage on shares of LivePerson (NASDAQ:LPSN) in a report published on Thursday morning. The brokerage issued a buy rating and a $16.50 target price on the technology company’s stock.

Several other research analysts have also recently issued reports on LPSN. Needham & Company LLC started coverage on LivePerson in a research report on Thursday, September 21st. They issued a buy rating and a $16.00 price objective for the company. Northland Securities restated a buy rating and issued a $15.00 price target on shares of LivePerson in a research report on Friday, September 1st. Ladenburg Thalmann Financial Services restated a buy rating and issued a $17.50 price target (up previously from $15.00) on shares of LivePerson in a research report on Tuesday, October 10th. Finally, Benchmark raised their price target on LivePerson from $14.00 to $18.00 and gave the company a buy rating in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $15.23.

Shares of LivePerson (NASDAQ:LPSN) traded up $0.50 during midday trading on Thursday, hitting $12.30. The company had a trading volume of 865,093 shares, compared to its average volume of 377,169. LivePerson has a 52-week low of $5.43 and a 52-week high of $15.10.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. The firm had revenue of $54.49 million during the quarter, compared to analysts’ expectations of $54.55 million. LivePerson had a negative return on equity of 4.41% and a negative net margin of 11.07%. LivePerson’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.02) earnings per share. analysts anticipate that LivePerson will post -0.02 EPS for the current year.

In other news, EVP Dustin Dean sold 2,500 shares of LivePerson stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $14.35, for a total value of $35,875.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Robert P. Locascio sold 2,572 shares of LivePerson stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $13.66, for a total value of $35,133.52. Following the completion of the transaction, the chief executive officer now directly owns 76,435 shares in the company, valued at $1,044,102.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,374 shares of company stock worth $129,989. Corporate insiders own 11.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LPSN. Vanguard Group Inc. raised its holdings in shares of LivePerson by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,851,914 shares of the technology company’s stock valued at $53,371,000 after buying an additional 125,629 shares during the period. Gilder Gagnon Howe & Co. LLC raised its holdings in shares of LivePerson by 49.6% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,803,619 shares of the technology company’s stock valued at $37,989,000 after buying an additional 930,164 shares during the period. Granahan Investment Management Inc. MA raised its holdings in shares of LivePerson by 1.4% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 2,695,382 shares of the technology company’s stock valued at $36,522,000 after buying an additional 37,677 shares during the period. Renaissance Technologies LLC raised its holdings in shares of LivePerson by 18.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,102,100 shares of the technology company’s stock valued at $23,123,000 after buying an additional 332,300 shares during the period. Finally, State Street Corp raised its holdings in shares of LivePerson by 6.1% during the 2nd quarter. State Street Corp now owns 1,292,357 shares of the technology company’s stock valued at $14,219,000 after buying an additional 74,645 shares during the period. 75.85% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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