Zacks: Brokerages Expect LivePerson, Inc. (LPSN) to Announce $0.02 EPS

Wall Street analysts expect LivePerson, Inc. (NASDAQ:LPSN) to post $0.02 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for LivePerson’s earnings. The business is scheduled to issue its next earnings results on Tuesday, February 19th.

On average, analysts expect that LivePerson will report full year earnings of $0.06 per share for the current financial year, with EPS estimates ranging from $0.05 to $0.06. For the next financial year, analysts forecast that the firm will report earnings of $0.08 per share, with EPS estimates ranging from $0.00 to $0.14. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow LivePerson.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Thursday, November 8th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.03). LivePerson had a negative net margin of 9.21% and a negative return on equity of 5.32%. The firm had revenue of $64.21 million during the quarter, compared to analyst estimates of $62.55 million. During the same quarter in the prior year, the firm posted $0.05 earnings per share. LivePerson’s quarterly revenue was up 13.7% on a year-over-year basis.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of LivePerson from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. BidaskClub raised shares of LivePerson from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 29th. CIBC raised shares of LivePerson from a “market perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Thursday, January 24th. Oppenheimer raised shares of LivePerson from a “market perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Thursday, January 24th. Finally, Summit Insights assumed coverage on shares of LivePerson in a research note on Friday, December 21st. They set a “buy” rating and a $18.56 target price for the company. One investment analyst has rated the stock with a sell rating, eight have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $27.06.

Shares of LPSN stock opened at $24.56 on Friday. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -409.33 and a beta of 1.06. LivePerson has a 1-year low of $10.80 and a 1-year high of $27.40.

In other news, EVP Monica L. Greenberg sold 2,044 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $18.82, for a total value of $38,468.08. Following the completion of the transaction, the executive vice president now owns 18,082 shares of the company’s stock, valued at $340,303.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert P. Locascio sold 3,405 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $18.82, for a total transaction of $64,082.10. Following the completion of the transaction, the chief executive officer now directly owns 312,834 shares of the company’s stock, valued at approximately $5,887,535.88. The disclosure for this sale can be found here. In the last three months, insiders sold 52,472 shares of company stock valued at $953,572. Insiders own 11.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of LPSN. Vista Equity Partners Management LLC boosted its stake in shares of LivePerson by 216.3% in the third quarter. Vista Equity Partners Management LLC now owns 939,605 shares of the technology company’s stock valued at $24,383,000 after purchasing an additional 642,548 shares during the period. BlackRock Inc. raised its holdings in LivePerson by 8.2% in the third quarter. BlackRock Inc. now owns 8,453,719 shares of the technology company’s stock valued at $219,373,000 after acquiring an additional 639,267 shares in the last quarter. Altshuler Shaham Ltd raised its holdings in LivePerson by 467.1% in the third quarter. Altshuler Shaham Ltd now owns 522,508 shares of the technology company’s stock valued at $13,385,000 after acquiring an additional 430,373 shares in the last quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new stake in LivePerson in the third quarter valued at approximately $10,086,000. Finally, FMR LLC raised its holdings in LivePerson by 7.2% in the third quarter. FMR LLC now owns 3,791,378 shares of the technology company’s stock valued at $98,386,000 after acquiring an additional 255,264 shares in the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

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.

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