Wall Street analysts expect LivePerson, Inc. (NASDAQ:LPSN) to post sales of $56.60 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for LivePerson’s earnings, with estimates ranging from $56.40 million to $56.96 million. LivePerson posted sales of $56.12 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.9%. The business is expected to report its next quarterly earnings results on Wednesday, February 14th.
According to Zacks, analysts expect that LivePerson will report full year sales of $56.60 million for the current financial year, with estimates ranging from $217.89 million to $218.45 million. For the next year, analysts expect that the firm will report sales of $233.87 million per share, with estimates ranging from $230.07 million to $236.22 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow LivePerson.
LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.05 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.05. The company had revenue of $54.49 million during the quarter, compared to the consensus estimate of $54.55 million. LivePerson had a negative net margin of 11.07% and a negative return on equity of 4.41%. LivePerson’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.02) EPS.
A number of equities analysts have commented on the stock. Ladenburg Thalmann Financial Services restated a “buy” rating and set a $17.50 price objective (up previously from $15.00) on shares of LivePerson in a research report on Tuesday, October 10th. Benchmark increased their price objective on shares of LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, October 10th. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective on shares of LivePerson in a research note on Wednesday, November 1st. Oppenheimer reissued a “hold” rating on shares of LivePerson in a research note on Friday. Finally, Zacks Investment Research cut shares of LivePerson from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.23.
In other LivePerson news, CFO Daniel Richard Murphy sold 2,493 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $11.45, for a total transaction of $28,544.85. Following the sale, the chief financial officer now directly owns 82,185 shares of the company’s stock, valued at approximately $941,018.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert P. Locascio sold 2,779 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $11.45, for a total transaction of $31,819.55. Following the sale, the chief executive officer now directly owns 73,656 shares in the company, valued at $843,361.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,440 shares of company stock worth $85,188. 11.70% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. People s United Financial Inc. acquired a new stake in shares of LivePerson during the 2nd quarter worth about $257,000. TIAA CREF Investment Management LLC boosted its stake in shares of LivePerson by 18.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 335,082 shares of the technology company’s stock worth $3,686,000 after purchasing an additional 51,357 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of LivePerson by 44.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 410,289 shares of the technology company’s stock worth $4,512,000 after purchasing an additional 126,567 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in shares of LivePerson during the 2nd quarter worth about $1,980,000. Finally, Alliancebernstein L.P. boosted its stake in shares of LivePerson by 106.5% during the 2nd quarter. Alliancebernstein L.P. now owns 63,030 shares of the technology company’s stock worth $693,000 after purchasing an additional 32,500 shares during the last quarter. 75.68% of the stock is currently owned by institutional investors.
Shares of LivePerson (NASDAQ LPSN) traded up $0.15 during trading on Friday, reaching $11.80. 429,876 shares of the company’s stock were exchanged, compared to its average volume of 373,879. The stock has a market cap of $714.29, a P/E ratio of -28.09 and a beta of 1.19. LivePerson has a 52 week low of $5.43 and a 52 week high of $15.10.
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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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