LivePerson, Inc. (NASDAQ:LPSN) had its target price raised by Benchmark Co. from $10.00 to $13.00 in a report issued on Friday. The brokerage currently has a buy rating on the technology company’s stock.
A number of other equities analysts have also commented on the company. Craig Hallum upgraded LivePerson from a hold rating to a buy rating and lifted their price objective for the stock from $8.60 to $8.85 in a research note on Thursday, May 11th. Oppenheimer Holdings Inc. reiterated a hold rating on shares of LivePerson in a research note on Thursday, May 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. LivePerson presently has an average rating of Hold and an average price target of $9.71.
LivePerson (NASDAQ:LPSN) opened at 9.30 on Friday. The company has a 50-day moving average price of $7.50 and a 200-day moving average price of $7.54. LivePerson has a one year low of $5.43 and a one year high of $10.45. The stock’s market cap is $520.57 million.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Wednesday, May 10th. The technology company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $50.90 million for the quarter, compared to analyst estimates of $50.42 million. LivePerson had a negative return on equity of 9.42% and a negative net margin of 11.61%. The firm’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 earnings per share. On average, analysts anticipate that LivePerson will post $0.09 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in LPSN. A.R.T. Advisors LLC purchased a new stake in LivePerson during the fourth quarter worth $190,000. Arrowpoint Asset Management LLC increased its stake in LivePerson by 25.5% in the fourth quarter. Arrowpoint Asset Management LLC now owns 1,183,843 shares of the technology company’s stock worth $8,938,000 after buying an additional 240,808 shares during the period. Renaissance Technologies LLC increased its stake in LivePerson by 12.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,718,100 shares of the technology company’s stock worth $12,972,000 after buying an additional 187,000 shares during the period. Discovery Group I LLC increased its stake in LivePerson by 33.4% in the fourth quarter. Discovery Group I LLC now owns 3,102,644 shares of the technology company’s stock worth $23,425,000 after buying an additional 777,009 shares during the period. Finally, Teza Capital Management LLC purchased a new stake in LivePerson during the fourth quarter worth $194,000. 73.75% of the stock is currently owned by institutional investors and hedge funds.
LivePerson Company Profile
LivePerson, Inc (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.
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