LivePerson (NASDAQ:LPSN) had its price objective hoisted by KeyCorp from $36.00 to $39.00 in a research report report published on Thursday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the technology company’s stock. KeyCorp also issued estimates for LivePerson’s Q1 2020 earnings at ($0.10) EPS, Q2 2020 earnings at ($0.11) EPS, Q3 2020 earnings at ($0.06) EPS, Q4 2020 earnings at ($0.04) EPS, FY2020 earnings at ($0.32) EPS and FY2021 earnings at ($0.18) EPS.
A number of other research analysts also recently issued reports on the company. Zacks Investment Research raised LivePerson from a hold rating to a buy rating and set a $37.00 price target on the stock in a report on Tuesday, July 30th. Needham & Company LLC upped their price target on LivePerson to $40.00 and gave the company a positive rating in a report on Thursday. Berenberg Bank began coverage on LivePerson in a report on Thursday, May 16th. They set a buy rating and a $40.00 price target on the stock. BidaskClub raised LivePerson from a hold rating to a buy rating in a report on Tuesday, July 23rd. Finally, Benchmark reiterated a buy rating and set a $40.00 price objective (up previously from $34.00) on shares of LivePerson in a research report on Wednesday. Sixteen equities research analysts have rated the stock with a buy rating, LivePerson presently has an average rating of Buy and a consensus price target of $35.13.
Shares of NASDAQ:LPSN traded up $0.93 during midday trading on Thursday, reaching $34.70. 1,124,844 shares of the company’s stock traded hands, compared to its average volume of 644,103. The company has a market capitalization of $2.19 billion, a P/E ratio of -150.87 and a beta of 1.14. The company has a current ratio of 2.41, a quick ratio of 2.75 and a debt-to-equity ratio of 1.06. LivePerson has a one year low of $16.98 and a one year high of $35.09. The stock’s 50 day moving average price is $29.82.
LivePerson (NASDAQ:LPSN) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.11). The business had revenue of $71.00 million for the quarter, compared to the consensus estimate of $70.16 million. LivePerson had a negative net margin of 21.09% and a negative return on equity of 22.65%. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 earnings per share. Equities research analysts anticipate that LivePerson will post -0.59 EPS for the current fiscal year.
In other LivePerson news, SVP Daryl Carlough sold 16,164 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $27.71, for a total value of $447,904.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Monica L. Greenberg sold 23,601 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $27.29, for a total value of $644,071.29. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,266 shares of company stock valued at $1,242,075. 9.70% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP bought a new position in shares of LivePerson in the 4th quarter valued at about $4,515,000. Geode Capital Management LLC boosted its stake in LivePerson by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 672,530 shares of the technology company’s stock worth $12,683,000 after acquiring an additional 51,426 shares during the last quarter. Bank of America Corp DE boosted its stake in LivePerson by 28.1% during the 4th quarter. Bank of America Corp DE now owns 69,969 shares of the technology company’s stock worth $1,319,000 after acquiring an additional 15,350 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in LivePerson by 360.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 18,364 shares of the technology company’s stock worth $346,000 after acquiring an additional 14,378 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in LivePerson during the 4th quarter worth approximately $313,000. Institutional investors and hedge funds own 83.66% 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.
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