Wall Street analysts forecast that LivePerson, Inc. (NASDAQ:LPSN) will announce ($0.08) earnings per share for the current quarter, Zacks reports. Seven analysts have issued estimates for LivePerson’s earnings. The highest EPS estimate is $0.01 and the lowest is ($0.14). LivePerson reported earnings of ($0.01) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 700%. The firm is expected to announce its next quarterly earnings report on Thursday, May 2nd.
On average, analysts expect that LivePerson will report full year earnings of ($0.06) per share for the current fiscal year, with EPS estimates ranging from ($0.16) to $0.14. For the next fiscal year, analysts anticipate that the company will report earnings of $0.06 per share, with EPS estimates ranging from ($0.03) to $0.13. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow LivePerson.
LivePerson (NASDAQ:LPSN) last issued its earnings results on Thursday, February 21st. The technology company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02). The business had revenue of $65.72 million during the quarter, compared to analyst estimates of $64.91 million. LivePerson had a negative net margin of 10.02% and a negative return on equity of 5.56%.
A number of equities research analysts have recently commented on LPSN shares. BidaskClub upgraded shares of LivePerson from a “hold” rating to a “buy” rating in a research report on Friday, December 28th. Summit Insights started coverage on shares of LivePerson in a research report on Friday, December 21st. They issued a “buy” rating and a $18.56 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 target price (up from $28.00) on shares of LivePerson in a research report on Friday, February 22nd. B. Riley set a $32.00 target price on shares of LivePerson and gave the company a “buy” rating in a research report on Friday, February 22nd. Finally, Benchmark reiterated a “buy” rating and issued a $34.00 target price (up from $30.00) on shares of LivePerson in a research report on Thursday, March 21st. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. LivePerson presently has an average rating of “Buy” and a consensus price target of $30.39.
Shares of NASDAQ LPSN traded down $0.72 during mid-day trading on Friday, reaching $28.12. The company’s stock had a trading volume of 577,512 shares, compared to its average volume of 679,299. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of -122.26 and a beta of 1.18. LivePerson has a 1-year low of $15.85 and a 1-year high of $30.28.
In related news, EVP Alexander Spinelli sold 15,080 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $27.30, for a total transaction of $411,684.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Monica L. Greenberg sold 1,424 shares of the firm’s stock in a transaction dated Saturday, March 16th. The stock was sold at an average price of $28.82, for a total transaction of $41,039.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,145 shares of company stock valued at $705,668. 11.50% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in LivePerson by 26.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,866 shares of the technology company’s stock worth $92,000 after purchasing an additional 1,029 shares during the last quarter. Meeder Asset Management Inc. increased its position in LivePerson by 818.5% during the fourth quarter. Meeder Asset Management Inc. now owns 5,263 shares of the technology company’s stock worth $100,000 after purchasing an additional 4,690 shares during the last quarter. Neuburgh Advisers LLC increased its position in LivePerson by 159.3% during the fourth quarter. Neuburgh Advisers LLC now owns 8,558 shares of the technology company’s stock worth $161,000 after purchasing an additional 5,258 shares during the last quarter. Virtu Financial LLC purchased a new position in LivePerson during the first quarter worth about $236,000. Finally, Flinton Capital Management LLC boosted its stake in LivePerson by 159.3% during the fourth quarter. Flinton Capital Management LLC now owns 13,226 shares of the technology company’s stock worth $249,000 after buying an additional 8,126 shares during the period. Hedge funds and other institutional investors own 80.51% of the company’s stock.
LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.
Recommended Story: How to Invest in the Dividend Aristocrat Index
Get a free copy of the Zacks research report on LivePerson (LPSN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.