Oppenheimer Holdings, Inc. Reiterates “Hold” Rating for LivePerson, Inc. (LPSN)

Oppenheimer Holdings, Inc. reaffirmed their hold rating on shares of LivePerson, Inc. (NASDAQ:LPSN) in a report published on Wednesday.

LPSN has been the topic of a number of other research reports. Zacks Investment Research downgraded LivePerson from a buy rating to a hold rating in a research note on Wednesday, July 12th. Northland Securities restated a buy rating and issued a $14.00 target price on shares of LivePerson in a research note on Tuesday, July 25th. Roth Capital boosted their target price on LivePerson from $10.00 to $15.00 in a research note on Tuesday, June 20th. Finally, Benchmark Co. boosted their target price on LivePerson from $13.00 to $14.00 and gave the company a buy rating in a research note on Thursday, June 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $12.14.

Shares of LivePerson (LPSN) remained flat at $12.80 during mid-day trading on Wednesday. The stock had a trading volume of 354,701 shares. The firm’s 50-day moving average price is $12.03 and its 200 day moving average price is $9.03. The firm’s market capitalization is $753.92 million. LivePerson has a 12-month low of $5.43 and a 12-month high of $14.05.

LivePerson (NASDAQ:LPSN) last issued its earnings results on Wednesday, July 26th. The technology company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. LivePerson had a negative net margin of 13.29% and a negative return on equity of 8.71%. The firm had revenue of $54.10 million during the quarter, compared to analysts’ expectations of $51.33 million. During the same quarter last year, the firm earned ($0.04) EPS. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, analysts forecast that LivePerson will post $0.10 earnings per share for the current fiscal year.

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In other news, CFO Daniel Richard Murphy sold 2,628 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $11.45, for a total transaction of $30,090.60. Following the completion of the sale, the chief financial officer now owns 86,978 shares in the company, valued at approximately $995,898.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert P. Locascio sold 2,892 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $11.45, for a total value of $33,113.40. Following the sale, the chief executive officer now owns 79,007 shares of the company’s stock, valued at approximately $904,630.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 157,475 shares of company stock valued at $1,721,430. 11.40% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in LivePerson by 2.9% in the first quarter. JPMorgan Chase & Co. now owns 275,860 shares of the technology company’s stock valued at $1,889,000 after buying an additional 7,731 shares in the last quarter. State of Tennessee Treasury Department boosted its position in LivePerson by 28.7% in the first quarter. State of Tennessee Treasury Department now owns 50,339 shares of the technology company’s stock valued at $345,000 after buying an additional 11,217 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in LivePerson by 0.8% in the first quarter. Parametric Portfolio Associates LLC now owns 153,771 shares of the technology company’s stock valued at $1,053,000 after buying an additional 1,214 shares in the last quarter. Ameriprise Financial Inc. boosted its position in LivePerson by 6.2% in the first quarter. Ameriprise Financial Inc. now owns 283,722 shares of the technology company’s stock valued at $1,943,000 after buying an additional 16,555 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new position in LivePerson during the first quarter valued at $453,000. 74.00% of the stock is 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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