William Blair assumed coverage on shares of LivePerson (NASDAQ:LPSN) in a report released on Friday, Briefing.com Automated Import reports. The brokerage issued an outperform rating on the technology company’s stock.

Several other equities research analysts also recently weighed in on LPSN. Oppenheimer raised their price target on LivePerson from $35.00 to $41.00 and gave the stock an outperform rating in a report on Thursday, August 1st. ValuEngine raised LivePerson from a hold rating to a buy rating in a report on Friday, November 1st. Barclays reissued a buy rating and issued a $49.00 price target on shares of LivePerson in a report on Sunday, November 3rd. Northland Securities set a $45.00 price target on LivePerson and gave the stock a buy rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group raised their price target on LivePerson to $45.00 and gave the stock a buy rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating and seventeen have given a buy rating to the stock. LivePerson has a consensus rating of Buy and an average target price of $39.50.

LPSN stock traded down $0.54 during trading on Friday, reaching $37.36. 79,193 shares of the company traded hands, compared to its average volume of 846,105. LivePerson has a 12 month low of $16.98 and a 12 month high of $42.85. The business has a 50 day simple moving average of $38.27 and a 200 day simple moving average of $33.92. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of -162.74 and a beta of 1.03. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.19 and a current ratio of 2.19.

LivePerson (NASDAQ:LPSN) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.02). The business had revenue of $75.18 million during the quarter, compared to analyst estimates of $74.69 million. LivePerson had a negative return on equity of 33.89% and a negative net margin of 27.03%. LivePerson’s revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 EPS. As a group, research analysts forecast that LivePerson will post -1.22 EPS for the current year.

In other news, EVP Monica L. Greenberg sold 2,284 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $37.19, for a total value of $84,941.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 9.70% of the company’s stock.

Several large investors have recently made changes to their positions in LPSN. BlackRock Inc. raised its stake in shares of LivePerson by 6.4% in the second quarter. BlackRock Inc. now owns 9,234,690 shares of the technology company’s stock worth $258,941,000 after purchasing an additional 556,214 shares during the last quarter. Altshuler Shaham Ltd raised its position in LivePerson by 887.0% during the second quarter. Altshuler Shaham Ltd now owns 483,528 shares of the technology company’s stock valued at $13,776,000 after acquiring an additional 434,538 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new position in LivePerson during the second quarter valued at approximately $11,124,000. Granite Investment Partners LLC raised its position in LivePerson by 81.0% during the second quarter. Granite Investment Partners LLC now owns 851,453 shares of the technology company’s stock valued at $23,875,000 after acquiring an additional 381,159 shares in the last quarter. Finally, Castleark Management LLC purchased a new position in LivePerson during the second quarter valued at approximately $9,120,000. Hedge funds and other institutional investors own 85.71% of the company’s stock.

LivePerson Company Profile

LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's 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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