LivePerson (NASDAQ:LPSN) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday, BidAskClub reports.

A number of other equities research analysts also recently weighed in on LPSN. KeyCorp initiated coverage on LivePerson in a report on Thursday. They set an “overweight” rating and a $36.00 target price for the company. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a report on Wednesday. Jefferies Financial Group lifted their target price on T. Rowe Price Group from $103.00 to $119.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Berenberg Bank set a €54.00 ($62.79) target price on 1&1 Drillisch and gave the stock a “buy” rating in a report on Thursday, May 16th. Finally, Benchmark reissued a “buy” rating and set a $120.00 target price (up previously from $115.00) on shares of Nexstar Media Group in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $32.27.

Shares of LivePerson stock opened at $30.71 on Friday. The firm’s fifty day simple moving average is $28.01. LivePerson has a 1 year low of $16.98 and a 1 year high of $30.91. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.75.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.06). LivePerson had a negative net margin of 15.78% and a negative return on equity of 13.56%. The business had revenue of $66.40 million for the quarter, compared to analyst estimates of $66.14 million. On average, sell-side analysts forecast that LivePerson will post -0.52 EPS for the current fiscal year.

In related news, EVP Monica L. Greenberg sold 23,601 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $27.29, for a total value of $644,071.29. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Christopher E. Greiner sold 5,033 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $29.66, for a total value of $149,278.78. The disclosure for this sale can be found here. Insiders sold 50,611 shares of company stock worth $1,400,179 in the last 90 days. 9.70% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its position in LivePerson by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 22,595 shares of the technology company’s stock valued at $656,000 after acquiring an additional 408 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in LivePerson by 787.9% in the first quarter. BNP Paribas Arbitrage SA now owns 13,540 shares of the technology company’s stock valued at $393,000 after acquiring an additional 12,015 shares during the last quarter. GSA Capital Partners LLP bought a new position in LivePerson in the fourth quarter valued at about $327,000. Pembroke Management LTD grew its position in LivePerson by 15.9% in the first quarter. Pembroke Management LTD now owns 354,688 shares of the technology company’s stock valued at $10,293,000 after acquiring an additional 48,650 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in LivePerson by 38.3% in the first quarter. New York State Common Retirement Fund now owns 491,888 shares of the technology company’s stock valued at $14,275,000 after acquiring an additional 136,293 shares during the last quarter. Institutional investors own 83.96% 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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