LivePerson, Inc. (NASDAQ:LPSN) had its target price raised by Benchmark Co. from $14.00 to $18.00 in a research note published on Tuesday morning. The brokerage currently has a buy rating on the technology company’s stock.
A number of other research analysts have also recently issued reports on the company. Roth Capital lifted their target price on LivePerson from $10.00 to $15.00 in a research report on Tuesday, June 20th. Northland Securities restated a buy rating and set a $14.00 price target on shares of LivePerson in a report on Tuesday, July 25th. Zacks Investment Research cut LivePerson from a buy rating to a hold rating in a report on Wednesday, July 12th. Needham & Company LLC assumed coverage on LivePerson in a report on Thursday, September 21st. They set a buy rating and a $16.00 price target on the stock. Finally, Oppenheimer Holdings, Inc. restated a hold rating on shares of LivePerson in a report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. LivePerson presently has a consensus rating of Buy and a consensus target price of $13.92.
Shares of LivePerson (LPSN) remained flat at $14.90 during midday trading on Tuesday. The stock had a trading volume of 94,770 shares. The company’s market capitalization is $877.61 million. The firm’s 50 day moving average is $13.63 and its 200 day moving average is $11.01. LivePerson has a 52 week low of $5.43 and a 52 week high of $15.10.
LivePerson (NASDAQ:LPSN) last released its earnings results on Wednesday, July 26th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $54.10 million during the quarter, compared to the consensus estimate of $51.33 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. The business’s revenue was down 4.6% on a year-over-year basis. On average, equities analysts predict that LivePerson will post $0.10 earnings per share for the current fiscal year.
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In other LivePerson news, Director David Vaskevitch sold 48,600 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $11.35, for a total value of $551,610.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $227,000. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Dustin Dean sold 2,400 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $11.73, for a total value of $28,152.00. Following the completion of the transaction, the executive vice president now directly owns 70,987 shares in the company, valued at $832,677.51. The disclosure for this sale can be found here. Insiders sold 162,774 shares of company stock worth $1,963,593 over the last quarter. 11.70% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Louisiana State Employees Retirement System lifted its stake in LivePerson by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 21,900 shares of the technology company’s stock valued at $241,000 after buying an additional 200 shares during the period. Arizona State Retirement System lifted its stake in LivePerson by 0.7% in the second quarter. Arizona State Retirement System now owns 27,992 shares of the technology company’s stock valued at $308,000 after buying an additional 200 shares during the period. Texas Permanent School Fund lifted its stake in LivePerson by 1.7% in the second quarter. Texas Permanent School Fund now owns 39,257 shares of the technology company’s stock valued at $432,000 after buying an additional 644 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in LivePerson by 5.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,580 shares of the technology company’s stock valued at $138,000 after buying an additional 650 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake 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 during the period. 74.85% 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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