LivePerson (NASDAQ:LPSN) Price Target Cut to $18.00 by Analysts at Mizuho

LivePerson (NASDAQ:LPSNGet Rating) had its target price reduced by Mizuho from $20.00 to $18.00 in a report released on Tuesday, The Fly reports.

Several other brokerages also recently weighed in on LPSN. Craig Hallum downgraded shares of LivePerson from a buy rating to a hold rating and cut their price objective for the company from $76.00 to $20.00 in a research report on Friday, February 25th. Barclays lowered their target price on shares of LivePerson from $30.00 to $18.00 and set an underweight rating on the stock in a research note on Monday, February 28th. StockNews.com assumed coverage on shares of LivePerson in a research note on Thursday, March 31st. They set a sell rating on the stock. Needham & Company LLC cut shares of LivePerson from a buy rating to a hold rating in a research note on Friday, February 25th. Finally, JP Morgan Cazenove cut shares of LivePerson from an overweight rating to a neutral rating and lowered their price objective for the stock from $60.00 to $21.00 in a research note on Friday, February 25th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $34.00.

Shares of NASDAQ:LPSN opened at $17.65 on Tuesday. The company has a market cap of $1.28 billion, a PE ratio of -7.54 and a beta of 1.31. The company’s 50-day moving average price is $23.25 and its 200 day moving average price is $30.89. LivePerson has a fifty-two week low of $15.74 and a fifty-two week high of $68.82. The company has a quick ratio of 2.85, a current ratio of 2.48 and a debt-to-equity ratio of 4.07.

LivePerson (NASDAQ:LPSNGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The technology company reported ($0.65) earnings per share for the quarter, beating the consensus estimate of ($0.76) by $0.11. The firm had revenue of $123.80 million for the quarter, compared to the consensus estimate of $123.74 million. LivePerson had a negative net margin of 34.38% and a negative return on equity of 59.54%. As a group, equities analysts anticipate that LivePerson will post -2.07 EPS for the current year.

In other LivePerson news, CEO Robert P. Locascio sold 8,943 shares of the company’s stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $24.37, for a total transaction of $217,940.91. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO John Deneen Collins sold 3,305 shares of the stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $23.52, for a total value of $77,733.60. The disclosure for this sale can be found here. Insiders sold a total of 34,052 shares of company stock worth $818,525 in the last three months. Insiders own 9.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LPSN. Raymond James & Associates increased its position in LivePerson by 8.0% during the 3rd quarter. Raymond James & Associates now owns 3,846 shares of the technology company’s stock worth $227,000 after buying an additional 285 shares during the period. Truist Financial Corp lifted its stake in shares of LivePerson by 19.6% in the third quarter. Truist Financial Corp now owns 34,544 shares of the technology company’s stock worth $2,037,000 after acquiring an additional 5,660 shares during the period. Moors & Cabot Inc. acquired a new position in shares of LivePerson in the third quarter worth approximately $44,000. Swiss National Bank lifted its stake in shares of LivePerson by 3.4% in the third quarter. Swiss National Bank now owns 144,800 shares of the technology company’s stock worth $8,536,000 after acquiring an additional 4,700 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in LivePerson by 0.4% in the third quarter. Principal Financial Group Inc. now owns 455,818 shares of the technology company’s stock valued at $26,871,000 after buying an additional 2,024 shares during the period. 99.01% of the stock is owned by institutional investors.

LivePerson Company Profile (Get Rating)

LivePerson, Inc, together with its subsidiaries, provides conversational commerce software and Gainshare solutions. It 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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