LivePerson (NASDAQ:LPSN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.
According to Zacks, “LivePerson, Inc. is the leading provider of mobile and online messaging business solutions, enabling a meaningful connection between brands and consumers. LivePerson opens the new click-to-message ad extension to larger companies by adding three important dimensions. First, it tracks and distributes ad responses to teams that may be across geographies – essential for an ad campaign at a larger scale – and measures the results. LivePerson provides an optional, pay-for-performance team of people who can answer these SMS conversations and can handle many queries itself, or transfer them to in-house representatives where needed. LivePerson enables brands to manage message conversations from many media and communications channels in one solution and one workforce. This lets large advertisers scale without staffing pains, and has been shown to improve conversion rates when deployed. “
Several other research firms also recently weighed in on LPSN. BidaskClub downgraded LivePerson from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. William Blair began coverage on LivePerson in a research note on Friday, November 15th. They issued an “outperform” rating for the company. Needham & Company LLC increased their target price on LivePerson from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Northland Securities set a $45.00 target price on shares of LivePerson and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, ValuEngine cut shares of LivePerson from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $41.19.
LPSN stock traded up $0.45 during midday trading on Tuesday, hitting $40.99. The company’s stock had a trading volume of 10,375 shares, compared to its average volume of 563,627. LivePerson has a 12 month low of $19.52 and a 12 month high of $42.85. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of -178.00 and a beta of 1.01. The company has a 50 day moving average of $38.45 and a two-hundred day moving average of $36.85.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.02). LivePerson had a negative return on equity of 33.89% and a negative net margin of 27.03%. The business had revenue of $75.18 million during the quarter, compared to the consensus estimate of $74.69 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, analysts anticipate that LivePerson will post -1.22 earnings per share for the current fiscal year.
In other news, Director Kevin Lavan sold 20,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $37.37, for a total value of $747,400.00. Following the sale, the director now owns 26,000 shares of the company’s stock, valued at $971,620. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Daryl Carlough sold 10,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $38.49, for a total transaction of $384,900.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,106 shares of company stock valued at $1,136,598. 9.70% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its stake in shares of LivePerson by 1.4% in the third quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the technology company’s stock valued at $803,000 after acquiring an additional 300 shares during the period. Envestnet Asset Management Inc. grew its stake in LivePerson by 4.1% in the third quarter. Envestnet Asset Management Inc. now owns 10,431 shares of the technology company’s stock worth $372,000 after purchasing an additional 408 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in LivePerson by 3.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 18,280 shares of the technology company’s stock worth $653,000 after purchasing an additional 690 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in LivePerson by 269.0% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,048 shares of the technology company’s stock worth $29,000 after purchasing an additional 764 shares in the last quarter. Finally, Mason Street Advisors LLC increased its holdings in LivePerson by 3.9% during the 3rd quarter. Mason Street Advisors LLC now owns 20,693 shares of the technology company’s stock worth $739,000 after purchasing an additional 779 shares during the period. 92.61% of the stock is currently owned by institutional investors and hedge funds.
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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