Brokerages predict that LivePerson, Inc. (NASDAQ:LPSN) will post earnings of $0.06 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for LivePerson’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.07. The business is expected to issue its next quarterly earnings report on Tuesday, February 19th.
According to Zacks, 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 $0.12. For the next fiscal year, analysts anticipate that the company will post earnings of $0.19 per share, with EPS estimates ranging from $0.13 to $0.23. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for LivePerson.
LivePerson (NASDAQ:LPSN) last issued its quarterly earnings results on Thursday, November 8th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.03). LivePerson had a negative return on equity of 3.34% and a negative net margin of 7.06%. The firm had revenue of $64.21 million during the quarter, compared to analyst estimates of $62.55 million. During the same period last year, the company earned $0.05 EPS. LivePerson’s quarterly revenue was up 13.7% compared to the same quarter last year.
A number of equities research analysts recently issued reports on the company. Roth Capital raised their price target on LivePerson to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Needham & Company LLC raised their price target on LivePerson from $20.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. BidaskClub raised LivePerson from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. B. Riley lifted their target price on LivePerson from $19.25 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Finally, Zacks Investment Research lowered LivePerson from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $27.17.
In other LivePerson news, insider Eran Vanounou sold 6,875 shares of LivePerson stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $22.80, for a total transaction of $156,750.00. Following the completion of the sale, the insider now directly owns 20,625 shares of the company’s stock, valued at approximately $470,250. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Daryl Carlough sold 1,223 shares of LivePerson stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $26.55, for a total value of $32,470.65. Following the sale, the senior vice president now directly owns 12,719 shares of the company’s stock, valued at $337,689.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,854 shares of company stock valued at $1,105,304. 11.50% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC raised its position in LivePerson by 7.2% during the 3rd quarter. FMR LLC now owns 3,791,378 shares of the technology company’s stock valued at $98,386,000 after purchasing an additional 255,264 shares in the last quarter. Wesbanco Bank Inc. bought a new stake in LivePerson during the 3rd quarter valued at $846,000. BlackRock Inc. raised its position in LivePerson by 8.2% during the 3rd quarter. BlackRock Inc. now owns 8,453,719 shares of the technology company’s stock valued at $219,373,000 after purchasing an additional 639,267 shares in the last quarter. Bank of New York Mellon Corp raised its position in LivePerson by 9.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 770,002 shares of the technology company’s stock valued at $19,982,000 after purchasing an additional 67,371 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in LivePerson during the 3rd quarter valued at $211,000. 80.31% of the stock is owned by institutional investors and hedge funds.
Shares of LPSN stock traded down $2.18 on Friday, reaching $21.06. 1,175,639 shares of the company’s stock were exchanged, compared to its average volume of 440,739. LivePerson has a 52 week low of $10.80 and a 52 week high of $27.40. The firm has a market capitalization of $1.42 billion, a P/E ratio of -350.92 and a beta of 1.27.
LivePerson Company Profile
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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