Equities analysts expect that LivePerson (NASDAQ:LPSN) will announce earnings per share of $0.01 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for LivePerson’s earnings, with the highest EPS estimate coming in at $0.01 and the lowest estimate coming in at $0.00. LivePerson also posted earnings per share of $0.01 in the same quarter last year. The company is scheduled to issue its next quarterly earnings report on Wednesday, July 25th.
On average, analysts expect that LivePerson will report full year earnings of $0.11 per share for the current year, with EPS estimates ranging from $0.10 to $0.13. For the next year, analysts anticipate that the business will post earnings of $0.18 per share, with EPS estimates ranging from $0.13 to $0.21. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow LivePerson.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Tuesday, February 20th. The technology company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The business had revenue of $57.39 million during the quarter, compared to analyst estimates of $56.60 million. LivePerson had a negative return on equity of 2.89% and a negative net margin of 6.95%.
A number of research firms recently commented on LPSN. ValuEngine upgraded LivePerson from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research upgraded LivePerson from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 25th. BidaskClub upgraded LivePerson from a “buy” rating to a “strong-buy” rating in a report on Friday, April 20th. B. Riley upped their price objective on LivePerson to $19.00 and gave the company a “buy” rating in a report on Thursday, March 15th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of LivePerson in a report on Friday, March 16th. Two analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $17.64.
Shares of LPSN stock traded down $0.15 on Monday, reaching $18.15. 394,400 shares of the stock were exchanged, compared to its average volume of 433,516. The company has a market cap of $1.11 billion, a P/E ratio of -305.00 and a beta of 0.87. LivePerson has a one year low of $18.00 and a one year high of $18.45.
In other news, CFO Daniel Richard Murphy sold 110,822 shares of the firm’s stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $18.21, for a total value of $2,018,068.62. Following the completion of the sale, the chief financial officer now directly owns 10,822 shares of the company’s stock, valued at $197,068.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert P. Locascio sold 2,465 shares of the firm’s stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $15.30, for a total value of $37,714.50. Following the completion of the sale, the chief executive officer now directly owns 321,191 shares of the company’s stock, valued at $4,914,222.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 302,747 shares of company stock valued at $5,150,262. Insiders own 11.70% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in LPSN. JPMorgan Chase & Co. increased its stake in shares of LivePerson by 8.3% during the third quarter. JPMorgan Chase & Co. now owns 75,540 shares of the technology company’s stock worth $1,012,000 after purchasing an additional 5,773 shares during the period. Wells Fargo & Company MN increased its stake in shares of LivePerson by 92.0% during the third quarter. Wells Fargo & Company MN now owns 89,325 shares of the technology company’s stock worth $1,210,000 after purchasing an additional 42,790 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of LivePerson by 24.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 279,556 shares of the technology company’s stock worth $3,788,000 after purchasing an additional 54,412 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of LivePerson during the third quarter worth approximately $254,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of LivePerson during the third quarter worth approximately $177,000. Institutional investors own 74.09% of the company’s stock.
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.
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