BidaskClub Upgrades LivePerson (LPSN) to Strong-Buy

LivePerson (NASDAQ:LPSN) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

A number of other analysts also recently commented on LPSN. B. Riley boosted their price objective on shares of LivePerson to $19.00 and gave the stock a “buy” rating in a report on Thursday, March 15th. ValuEngine raised shares of LivePerson from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Needham & Company LLC reissued a “buy” rating and set a $18.00 price objective on shares of LivePerson in a report on Friday, March 16th. Zacks Investment Research downgraded shares of LivePerson from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Finally, Northland Securities reissued a “buy” rating and set a $21.00 price objective on shares of LivePerson in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. LivePerson presently has an average rating of “Buy” and an average price target of $16.54.

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Shares of LivePerson stock opened at $16.35 on Friday. LivePerson has a 52-week low of $6.97 and a 52-week high of $16.60.

LivePerson (NASDAQ:LPSN) last issued its quarterly earnings results on Tuesday, February 20th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm had revenue of $57.39 million for the quarter, compared to analyst estimates of $56.60 million. LivePerson had a negative return on equity of 3.11% and a negative net margin of 8.31%. sell-side analysts expect that LivePerson will post -0.07 earnings per share for the current year.

In other LivePerson news, CFO Daniel Richard Murphy sold 12,092 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $15.34, for a total value of $185,491.28. Following the sale, the chief financial officer now owns 70,093 shares of the company’s stock, valued at $1,075,226.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Daryl Carlough sold 4,754 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $15.56, for a total transaction of $73,972.24. Following the completion of the sale, the senior vice president now directly owns 10,510 shares in the company, valued at approximately $163,535.60. The disclosure for this sale can be found here. Insiders sold 151,925 shares of company stock worth $2,403,794 in the last ninety days. Insiders own 11.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in LPSN. ArrowMark Colorado Holdings LLC lifted its holdings in shares of LivePerson by 40.7% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,932,008 shares of the technology company’s stock valued at $22,218,000 after purchasing an additional 559,095 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of LivePerson by 23.0% in the fourth quarter. Renaissance Technologies LLC now owns 2,719,600 shares of the technology company’s stock valued at $31,275,000 after purchasing an additional 508,300 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of LivePerson by 4.6% in the fourth quarter. BlackRock Inc. now owns 6,989,338 shares of the technology company’s stock valued at $80,377,000 after purchasing an additional 310,088 shares in the last quarter. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of LivePerson by 11.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 3,112,529 shares of the technology company’s stock valued at $35,794,000 after purchasing an additional 308,910 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of LivePerson by 38.8% in the fourth quarter. Millennium Management LLC now owns 820,704 shares of the technology company’s stock valued at $9,438,000 after purchasing an additional 229,431 shares in the last quarter. 75.01% of the stock is currently owned by institutional investors.

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About LivePerson

LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.

Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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