LivePerson, Inc. (LPSN) Earns “Buy” Rating from Ladenburg Thalmann Financial Services

LivePerson, Inc. (NASDAQ:LPSN)‘s stock had its “buy” rating reissued by stock analysts at Ladenburg Thalmann Financial Services in a report released on Tuesday. They presently have a $17.50 price objective on the technology company’s stock, up from their prior price objective of $15.00. Ladenburg Thalmann Financial Services’ target price indicates a potential upside of 21.11% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the stock. Roth Capital upped their target price on shares of LivePerson from $10.00 to $15.00 in a research note on Tuesday, June 20th. Northland Securities reiterated a “buy” rating and issued a $14.00 price objective on shares of LivePerson in a research note on Tuesday, July 25th. Zacks Investment Research cut shares of LivePerson from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Benchmark Co. increased their price objective on shares of LivePerson from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, June 15th. Finally, Needham & Company LLC began coverage on shares of LivePerson in a research note on Thursday, September 21st. They issued a “buy” rating and a $16.00 price objective on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $13.92.

LivePerson (NASDAQ:LPSN) traded up 3.46% during midday trading on Tuesday, reaching $14.95. 494,012 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $13.58 and a 200 day moving average price of $10.95. LivePerson has a 12-month low of $5.43 and a 12-month high of $15.10. The company’s market cap is $880.56 million.

LivePerson (NASDAQ:LPSN) last posted its earnings results on Wednesday, July 26th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The company had revenue of $54.10 million for the quarter, compared to the consensus estimate of $51.33 million. LivePerson had a negative net margin of 13.29% and a negative return on equity of 8.71%. LivePerson’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) EPS. On average, analysts expect that LivePerson will post $0.10 EPS for the current fiscal year.

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In other LivePerson news, EVP Dustin Dean sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $14.35, for a total transaction of $35,875.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Daniel Richard Murphy sold 2,300 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $13.71, for a total transaction of $31,533.00. Following the sale, the chief financial officer now owns 84,678 shares in the company, valued at approximately $1,160,935.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 162,774 shares of company stock worth $1,963,593. 11.70% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. RGM Capital LLC grew its holdings in LivePerson by 4.6% during the 1st quarter. RGM Capital LLC now owns 4,926,756 shares of the technology company’s stock valued at $33,748,000 after buying an additional 216,054 shares in the last quarter. Vanguard Group Inc. grew its holdings in LivePerson by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,851,914 shares of the technology company’s stock valued at $53,371,000 after buying an additional 125,629 shares in the last quarter. Renaissance Technologies LLC grew its holdings in LivePerson by 18.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,102,100 shares of the technology company’s stock valued at $23,123,000 after buying an additional 332,300 shares in the last quarter. Gilder Gagnon Howe & Co. LLC grew its holdings in LivePerson by 59.6% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,873,455 shares of the technology company’s stock valued at $20,608,000 after buying an additional 699,344 shares in the last quarter. Finally, State Street Corp grew its holdings in LivePerson by 6.1% during the 2nd quarter. State Street Corp now owns 1,292,357 shares of the technology company’s stock valued at $14,219,000 after buying an additional 74,645 shares in the last quarter. 74.85% 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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