LivePerson, Inc. (NASDAQ:LPSN)’s share price traded up 6.8% during mid-day trading on Thursday . The company traded as high as $12.27 and last traded at $11.80. 740,472 shares traded hands during trading, an increase of 97% from the average session volume of 375,146 shares. The stock had previously closed at $11.05.

A number of equities analysts recently issued reports on the stock. Needham & Company LLC assumed coverage on shares of LivePerson in a research report on Thursday, September 21st. They set a “buy” rating and a $16.00 target price on the stock. Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $17.50 price target (up previously from $15.00) on shares of LivePerson in a report on Tuesday, October 10th. Benchmark boosted their price target on shares of LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, October 10th. Northland Securities reissued a “buy” rating and issued a $15.00 price target on shares of LivePerson in a report on Friday, September 1st. Finally, B. Riley began coverage on shares of LivePerson in a report on Thursday. They issued a “buy” rating and a $16.50 price target on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. LivePerson presently has an average rating of “Buy” and a consensus price target of $15.23.

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

In other LivePerson news, CFO Daniel Richard Murphy sold 2,300 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $13.71, for a total transaction of $31,533.00. Following the transaction, the chief financial officer now directly owns 84,678 shares in the company, valued at approximately $1,160,935.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert P. Locascio sold 2,572 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $13.66, for a total transaction of $35,133.52. Following the transaction, the chief executive officer now 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 quarter, insiders have sold 9,374 shares of company stock worth $129,989. 11.40% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in LPSN. Vanguard Group Inc. increased its stake in LivePerson by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,851,914 shares of the technology company’s stock worth $53,371,000 after purchasing an additional 125,629 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in 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 worth $37,989,000 after purchasing an additional 930,164 shares in the last quarter. Granahan Investment Management Inc. MA increased its stake in 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 worth $36,522,000 after purchasing an additional 37,677 shares in the last quarter. Renaissance Technologies LLC increased its stake in LivePerson by 18.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,102,100 shares of the technology company’s stock worth $23,123,000 after purchasing an additional 332,300 shares in the last quarter. Finally, State Street Corp increased its stake in LivePerson by 6.1% during the 2nd quarter. State Street Corp now owns 1,292,357 shares of the technology company’s stock worth $14,219,000 after purchasing an additional 74,645 shares in the last quarter. Institutional investors and hedge funds own 75.85% of the company’s stock.

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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.

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