LivePerson, Inc. (NASDAQ:LPSN) had its target price hoisted by Benchmark Co. from $10.00 to $13.00 in a research report released on Friday, May 12th, Marketbeat reports. They currently have a buy rating on the technology company’s stock.
A number of other brokerages have also recently weighed in on LPSN. Oppenheimer Holdings, Inc. reiterated a hold rating on shares of LivePerson in a research report on Thursday, May 11th. Craig Hallum raised LivePerson from a hold rating to a buy rating and increased their price objective for the stock from $8.60 to $8.85 in a report on Thursday, May 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. LivePerson presently has an average rating of Buy and an average target price of $10.46.
LivePerson (NASDAQ:LPSN) traded up 0.89% during mid-day trading on Friday, hitting $11.35. The company had a trading volume of 850,247 shares. The company has a 50-day moving average price of $9.60 and a 200 day moving average price of $7.86. The company’s market capitalization is $663.34 million. LivePerson has a 52-week low of $5.43 and a 52-week high of $11.80.
LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, May 10th. The technology company reported $0.01 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.01. The firm had revenue of $50.90 million for the quarter, compared to analysts’ expectations of $50.42 million. LivePerson had a negative return on equity of 9.65% and a negative net margin of 13.24%. LivePerson’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.03 earnings per share. On average, analysts forecast that LivePerson will post $0.09 EPS for the current fiscal year.
In other LivePerson news, EVP Dustin Dean sold 47,292 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $9.83, for a total transaction of $464,880.36. Following the transaction, the executive vice president now directly owns 8,700 shares of the company’s stock, valued at $85,521. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have sold 55,717 shares of company stock valued at $520,907. 11.40% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of LPSN. A.R.T. Advisors LLC acquired a new position in LivePerson during the fourth quarter valued at approximately $190,000. Arrowpoint Asset Management LLC increased its stake in shares of LivePerson by 25.5% in the fourth quarter. Arrowpoint Asset Management LLC now owns 1,183,843 shares of the technology company’s stock valued at $8,938,000 after buying an additional 240,808 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of LivePerson by 12.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,718,100 shares of the technology company’s stock valued at $12,972,000 after buying an additional 187,000 shares in the last quarter. Discovery Group I LLC increased its stake in shares of LivePerson by 33.4% in the fourth quarter. Discovery Group I LLC now owns 3,102,644 shares of the technology company’s stock valued at $23,425,000 after buying an additional 777,009 shares in the last quarter. Finally, Teza Capital Management LLC acquired a new stake in shares of LivePerson during the fourth quarter valued at about $194,000. 76.91% of the stock is currently owned by hedge funds and other institutional investors.
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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