Shares of LivePerson, Inc. (NASDAQ:LPSN) have been given an average rating of “Buy” by the ten research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $15.26.
Several research analysts have recently issued reports on the stock. Needham & Company LLC assumed coverage on shares of LivePerson in a report on Thursday, September 21st. They issued a “buy” rating and a $16.00 price objective for the company. Benchmark raised their target price on shares of LivePerson from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, October 10th. Northland Securities restated a “buy” rating and set a $15.00 target price on shares of LivePerson in a report on Friday, September 1st. Ladenburg Thalmann Financial Services restated a “buy” rating and set a $17.50 target price (up from $15.00) on shares of LivePerson in a report on Tuesday, October 10th. Finally, B. Riley began coverage on shares of LivePerson in a report on Thursday, December 14th. They set a “buy” rating and a $16.50 target price for the company.
In related news, EVP Dustin Dean sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $14.35, for a total transaction of $35,875.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 11.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. lifted its holdings in LivePerson by 5.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 207,028 shares of the technology company’s stock valued at $1,419,000 after purchasing an additional 10,944 shares during the last quarter. Bank of America Corp DE raised its stake in shares of LivePerson by 17.0% in the first quarter. Bank of America Corp DE now owns 95,073 shares of the technology company’s stock worth $652,000 after acquiring an additional 13,791 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of LivePerson by 8.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 41,285 shares of the technology company’s stock worth $283,000 after acquiring an additional 3,307 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of LivePerson by 607.4% in the second quarter. Russell Investments Group Ltd. now owns 41,124 shares of the technology company’s stock worth $452,000 after acquiring an additional 35,311 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of LivePerson by 5.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,580 shares of the technology company’s stock worth $138,000 after acquiring an additional 650 shares during the last quarter. 75.79% of the stock is owned by hedge funds and other institutional investors.
Shares of LivePerson (LPSN) remained flat at $$11.50 during trading hours on Friday. 220,800 shares of the company traded hands, compared to its average volume of 376,030. LivePerson has a 12-month low of $5.43 and a 12-month high of $15.10.
LivePerson (NASDAQ:LPSN) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. LivePerson had a negative net margin of 11.07% and a negative return on equity of 4.41%. The company had revenue of $54.49 million for the quarter, compared to analyst estimates of $54.55 million. During the same quarter last year, the business earned ($0.02) earnings per share. LivePerson’s revenue was down .1% compared to the same quarter last year. research analysts forecast that LivePerson will post -0.02 earnings per share for the current fiscal year.
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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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