LivePerson (LPSN) Downgraded by BidaskClub

BidaskClub downgraded shares of LivePerson (NASDAQ:LPSN) from a strong-buy rating to a buy rating in a report released on Tuesday.

Several other brokerages have also recently issued reports on LPSN. ValuEngine raised shares of LivePerson from a hold rating to a buy rating in a research note on Monday, April 2nd. Zacks Investment Research raised shares of LivePerson from a strong sell rating to a hold rating in a research note on Wednesday, April 25th. Needham & Company LLC reaffirmed a buy rating and set a $18.00 price target on shares of LivePerson in a research note on Friday, March 16th. LADENBURG THALM/SH SH reaffirmed a buy rating and set a $24.00 price target on shares of LivePerson in a research note on Wednesday, June 6th. Finally, B. Riley upped their price target on shares of LivePerson to $19.00 and gave the stock a buy rating in a research note on Thursday, March 15th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. LivePerson has an average rating of Buy and an average price target of $20.83.

Shares of LivePerson opened at $21.35 on Tuesday, according to MarketBeat Ratings. LivePerson has a 1 year low of $10.70 and a 1 year high of $24.08.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Thursday, May 3rd. The technology company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $58.24 million for the quarter, compared to analysts’ expectations of $57.22 million. LivePerson had a negative net margin of 6.95% and a negative return on equity of 2.89%. LivePerson’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 EPS. sell-side analysts expect that LivePerson will post -0.05 EPS for the current year.

In other news, CEO Robert P. Locascio sold 2,385 shares of the company’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $23.80, for a total transaction of $56,763.00. Following the transaction, the chief executive officer now directly owns 318,806 shares of the company’s stock, valued at approximately $7,587,582.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert P. Locascio sold 300,000 shares of the company’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $19.44, for a total transaction of $5,832,000.00. Following the transaction, the chief executive officer now directly owns 321,191 shares in the company, valued at $6,243,953.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 977,962 shares of company stock worth $18,931,086. Corporate insiders own 11.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in LPSN. Ellington Management Group LLC purchased a new stake in shares of LivePerson in the 4th quarter worth about $146,000. Profund Advisors LLC purchased a new stake in shares of LivePerson in the 1st quarter worth about $170,000. Teacher Retirement System of Texas purchased a new stake in shares of LivePerson in the 4th quarter worth about $198,000. Algert Global LLC purchased a new stake in shares of LivePerson in the 1st quarter worth about $214,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of LivePerson in the 4th quarter worth about $337,000. Institutional investors and hedge funds own 77.15% of the company’s stock.

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)

Receive News & Ratings for LivePerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LivePerson and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply