Robert P. Locascio Sells 2,567 Shares of LivePerson, Inc. (LPSN) Stock
LivePerson, Inc. (NASDAQ:LPSN) CEO Robert P. Locascio sold 2,567 shares of the company’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $26.55, for a total transaction of $68,153.85. Following the transaction, the chief executive officer now owns 316,239 shares of the company’s stock, valued at approximately $8,396,145.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of NASDAQ LPSN opened at $25.70 on Monday. LivePerson, Inc. has a 12-month low of $10.80 and a 12-month high of $27.40. The stock has a market cap of $1.60 billion, a P/E ratio of -428.33 and a beta of 1.09.
LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, August 1st. The technology company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. LivePerson had a negative net margin of 7.06% and a negative return on equity of 3.34%. The company had revenue of $61.66 million during the quarter, compared to analysts’ expectations of $59.46 million. During the same quarter in the prior year, the company earned $0.01 EPS. LivePerson’s revenue was up 14.0% compared to the same quarter last year. equities analysts expect that LivePerson, Inc. will post -0.08 earnings per share for the current year.
LPSN has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of LivePerson from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Friday, June 8th. LADENBURG THALM/SH SH restated a “buy” rating and set a $24.00 price target on shares of LivePerson in a research report on Wednesday, June 6th. BidaskClub downgraded shares of LivePerson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. B. Riley upped their price target on shares of LivePerson from $19.25 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Finally, Needham & Company LLC upped their price target on shares of LivePerson from $20.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Two analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $25.29.
LivePerson Company Profile
LivePerson, Inc engages in the provision of mobile and online messaging solutions. It operates through Business and Consumer segments. The Business segment enables brands to leverage intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.
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