LivePerson, Inc. (NASDAQ:LPSN) has received an average recommendation of “Buy” from the nine research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $27.80.
Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of LivePerson from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub downgraded shares of LivePerson from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. B. Riley set a $32.00 target price on shares of LivePerson and gave the stock a “buy” rating in a report on Friday, November 9th. Finally, LADENBURG THALM/SH SH reissued a “buy” rating and issued a $27.00 target price on shares of LivePerson in a report on Friday, November 9th.
NASDAQ LPSN traded down $0.76 during trading hours on Friday, hitting $18.87. 11,872 shares of the company’s stock traded hands, compared to its average volume of 614,821. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -314.17 and a beta of 1.11. LivePerson has a 52 week low of $10.80 and a 52 week high of $27.40.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Thursday, November 8th. The technology company reported ($0.03) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.03). The business had revenue of $64.21 million during the quarter, compared to analyst estimates of $62.55 million. LivePerson had a negative net margin of 9.21% and a negative return on equity of 5.32%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 earnings per share. Analysts predict that LivePerson will post -0.12 EPS for the current fiscal year.
In other LivePerson news, EVP Monica L. Greenberg sold 36,723 shares of LivePerson stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $22.03, for a total transaction of $809,007.69. Following the sale, the executive vice president now owns 31,604 shares of the company’s stock, valued at approximately $696,236.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert P. Locascio sold 2,567 shares of LivePerson stock in a transaction on Monday, September 17th. The stock was sold at an average price of $26.55, for a total transaction of $68,153.85. Following the sale, the chief executive officer now directly owns 316,239 shares in the company, valued at approximately $8,396,145.45. The disclosure for this sale can be found here. Insiders sold a total of 48,854 shares of company stock worth $1,105,304 in the last three months. 11.50% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new position in shares of LivePerson during the 2nd quarter worth $108,000. Bank of Montreal Can purchased a new position in shares of LivePerson during the 2nd quarter worth $139,000. Tower Research Capital LLC TRC purchased a new position in shares of LivePerson during the 2nd quarter worth $156,000. SG Americas Securities LLC purchased a new stake in LivePerson in the 2nd quarter valued at about $165,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in LivePerson in the 3rd quarter valued at about $211,000. 78.58% of the stock is currently owned by institutional investors.
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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